Marc Miller: $50K Complaint Against Ex-WIS Advisor

Los Angeles financial advisor Marc Miller (CRD# 1133692) allegedly recommended an unsuitable corporate bond investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Wedbush Securities, having previously been registered with Western International Securities.

Mr. Miller’s BrokerCheck report discloses three investor complaints. The most recent, filed in March 2025, alleges that as a representative of Western International Securities, he made an “unsuitable and misleading” recommendation to invest in a corporate bond. The pending complaint alleges damages of $50,000.

An earlier investor complaint, filed in 1997, alleged that as a representative of First Associated Securities Group, he breached contract, acted negligently, and breached his fiduciary duty. The complaint reached a settlement of an unspecified amount, with Mr. Miller denying the allegations in a comment included with the claim’s disclosure.

A third investor complaint, filed in 1997, alleged that as a First Associated Securities Group representative, he recommended an unsuitable investment and made false and misleading representations. The complaint alleged damages of $25,000 and reached an unspecified settlement, with Mr. Miller again denying the allegations.

According to the Financial Industry Regulatory Authority, Marc Miller holds 41 years of securities industry experience. Based in Los Angeles, California, he has been registered as a broker and an investment advisor with Wedbush Securities since 2021. His past registrations include Western International Securities, GBS Financial, The Heritage Group, First Associated Securities Group, Berman and Stickel, Bear Stearns & Co., Wulff Hansen & Co., Municipal Bond Investors, Birr Wilson & Co., and California Municipal Investors. His credentials include the passage of seven securities industry qualifying exams: the Government Securities Representative Examination, or Series 72; the Municipal Securities Principal Examination, or Series 53; the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Colorado, Hawaii, Massachusetts, Minnesota, and Washington. (Information current as of March 10, 2025.)

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