There are Recent Customer Complaints with Broker Andrew Miles in Firm Green Vista Capital, LLC

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Miles (Miles), previously associated with Green Vista Capital, LLC, has at least 13 disclosable events. These events include 13 customer complaints, alleging that Miles recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on January 15, 2025.

Claimant alleges reasonable basis unsuitability; breach of fiduciary duty; negligemce/gross negligence/negligence per se; negligent misrepresentation; interntional misrepresentation/omission; aiding and abetting a fraud; negligent hiring, retention, supervision; breach of contract; equitable rescission, and declaration judgment.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,000,000.00 on September 13, 2024.

CLAIMANT ALLEGES BREACH OF FIDUCIARY DUTY; NEGLIGENCE; NEGLIGENCE; NEGLIGENT SUPERVISION; FRAUD; DECLARATORY JUDGMENT; VIOLATION OF SECTIONS 10(b) OF THE SECURITIES EXCHANGE ACT, AND RULE 10b-5 OF THE SECURITIES AND EXCHANGE COMMISSION.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $350,000.00 on August 22, 2024.

CLAIMANT ALLEGES REASONABLE BASIS UNSUITABILITY; BREACH OF FIDUCIARY DUTY; NEGLIGENCE/GROSS NEGLIGENCE/NEGLIGENCE PER SE; NEGLIGENT MISREPRESENTATION; INTENTIONAL MISREPRESENTATION/OMISSION; AIDING AND ABETTING A FRAUD; NEGLIGENT HIRING, RETENTION, SUPERVISION; BREACH OF CONTRACT; AIDING AND ABETTING VIOLATION OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT; EQUITABLE RESCISSION

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on August 12, 2024.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on July 20, 2024.

CLAIMANTS ALLEGE BREACH OF FIDUCIARY DUTY; NEGLIGENCE; NEGLIGENT SUPERVISION; MISREPRESENTATION; FRAUD

FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,000,000.00 on May 02, 2024.

CLAIMANTS ALLEDGE BREACH OF FIDUCIARY DUTY; NEGLIGENCE; NEGLIGENT SUPERVISION; FRAUD; DECLARATORY JUDGEMENT; VIOLATION OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT; VIOLATION OF SECTIONS 10(b) OF THE SECURITIES EXCHANGE ACT, AND RULE 10b-5 OF THE SECURITIES AND EXCHANGE COMMISSION.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on May 02, 2024.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $2,000,000.00 on April 16, 2024.

CLAIMANTS ALLEGE VIOLATION OF COMMON LAW FRAUD; BREACH OF FIDUCIARY DUTY; NEGLIGENT FAILURE TO SUPERVISE; NEGLIGENCE; BREACH OF CONTRACT; CONSPIRACY.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $235,000.00 on April 04, 2024.

CLAIMANTS ALLEGE VIOLATIONS OF FEDERAL SECURITIES LAWS; VIOLATIONS OF THE NEW JERSEY UNIFORM SECURITIES LAW; BREACH OF CONTRACT; COMMON LAW FRAUD; BREACH OF FIDUCIARY DUTY; NEGLIGENCE AND GROSS NEGLIGENCE.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,000,000.00 on April 02, 2024.

CLAIMANT ALLEGES BREACH OF FIDUCIARY DUTY; NEGLIGENCE; NEGLIGENT SUPERVISION; FRAUD; DECLARATORY JUDGEMENT; VIOLATION OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT; VIOLATION OF THE OREGON SECURITIES LAW; VIOLATION OF SECTIONS 10(b) OF THE SECURITIES EXCHANGE ACT, AND RULE 10b-5 OF THE SECURITIES AND EXCHANGE COMMISSION.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on March 18, 2024.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $650,000.00 on January 08, 2024.

CLAIMANTS ALLEGE UNSUITABILITY, REASONABLE BASIS UNSUITABILITY AND VIOLATION OF BEST INTEREST; BREACH OF FIDUCIARY DUTY; NEGLIGENCE/GROSS NEGLIGENCE/NEGLIGENCE PER SE; NEGLIGENT MISREPRESENTATION; INTENTIONAL MISREPRESENTATION/OMISSION; AIDING AND ABETTING A FRAUD; NEGLIGENT HIRING, RETENTION, SUPERVISION; BREACH OF CONTRACT; EQUITABLE RESCISSION; DECLARATORY JUDGEMENT.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $700,000.00 on May 02, 2023.

CLAIMANTS ALLEGE REASONABLE BASIS UNSUITABILITY; BREACH OF FIDUCIARY DUTY; NEGLIGENCE/GROSS NEGLIGENCE/NEGLIGENCE PER SE; NEGLIGENT MISREPRESENTATION; INTENTIONAL MISREPRESENTATION/OMISSION; AIDING AND ABETTING A FRAUD; NEGLIGENT HIRING, RETENTION, SUPERVISION; BREACH OF CONTRACT, VIOLATION OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT; AIDING AND ABETTING VIOLATION OF THE FLORIDA SECURITIES AND INVESTOR PROTECTION ACT; EQUITABLE RESCISSION.

Brokers are required to adhere to the SEC’s Regulation Best Interest (Reg BI) standard of care under the Securities Exchange Act of 1934 which establishes a ‘best interest’ standard for broker-dealers and associated persons. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened. Reg BI is drawn from fiduciary principles that include an obligation to act in the retail investor’s best interest and the broker is prohibited from placing their own interests ahead of the investor’s interest.

There are several different aspects of the rule that brokers must comply with. One of which is the care obligations which requires brokers to form a reasonable belief that their investment advice and recommendations are in the retail investor’s best interest. The care obligations includes three components. First, the advisor must have an understanding of the potential risks, rewards, and costs associated with a product, investment strategy, account type, or series of transactions. Next, the advisor must have a reasonable understanding of the specific retail investor’s investment profile. The customer’s profile information generally includes an investor’s financial situation and needs; investments; assets and debts; marital status; tax status; age; investment time horizon; liquidity needs; risk tolerance; investment experience; investment objectives and financial goals; and any other information the retail investor may disclose in connection with the recommendation or advice. Finally, the financial advisor must use their knowledge of both their reasonable diligence into investment options as well as their knowledge of the investor’s client specific needs to consider reasonably available investment options. Those investment options must allow the broker to determine that there is a reasonable basis that the recommendation is in the retail investor’s best interest.

Brokerage firms and advisors must also understand the features and limitations of various account types as part of meeting Reg BI’s care obligations. Firms typically offer a variety of account options and services with different trading costs, services, such as account and activity monitoring. An advisor’s recommendation as to what type of securities account to open can alter the customers’ overall costs and investment returns. The advisor must determine that the client can benefit from the type of account being recommended to be opened and in the investor’s best interest taking into account the costs, benefits, and needs of the client.

Miles has been in the securities industry for more than 9 years. Miles has been registered as a Broker with Green Vista Capital, LLC since 2018.

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation. At Gana Weinstein LLP, our attorneys are experienced representing investors who have suffered securities losses due to the mishandling of their accounts. Claims may be brought in securities arbitration before FINRA. Our consultations are free of charge and the firm is only compensated if you recover.