Lincoln Financial Advisors Corporation Stock Broker, Peter Maller, Has Two Pending Customer Complaints Alleging Various Sales Practice Violations
Peter David Maller (CRD # 2322403) is a Financial Advisor at Lincoln Financial Advisors Corporation in Hunt Valley, MD. Peter Maller has been in the securities industry with Lincoln Financial Advisors since 1993.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Peter Maller has two pending customer complaints alleging:
- August 2019 – “The claimant alleges the RR invested her life savings in an unsuitable and deceptive manner, specifically concentrating her assets in annuities and illiquid, non-publicly traded investments.”
- April 2019 – “The client alleges the RR recommended an investment strategy in 2013 that failed to account for tax liabilities and recommended unsuitable investments.” Alleged damages are $350,394.
For a copy of Peter Maller’s CRD, click https://brokercheck.finra.org/individual/summary/2322403#disclosuresSection.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at firstname.lastname@example.org.