Peter David Maller of Hunt Valley, Maryland, a stockbroker registered with Lincoln Financial Advisors was is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $115,000.00 in damages based upon allegations that Maller made the unsuitable recommendation and sale of variable annuities and real estate securities when Maller was associated with Lincoln Financial Advisors. FINRA Arbitration No. 19-02371 (Jan. 5, 2021).
FINRA Public Disclosure shows that Maller is referenced in other customer initiated investment related disputes concerning Maller’s conduct while associated with securities broker dealers, including Lincoln Financial Securities Corporation. On March 15, 2017, a customer filed an investment related complaint involving Maller’s conduct in which the customer requested compensatory damages based upon allegations that Maller made omissions with regard to the recommendation and sale of direct investments when Maller was associated with Lincoln Financial Securities Corporation.
On April 19, 2019, another customer filed an investment related complaint involving Maller’s conduct in which the customer requested $350,394.00 in damages based upon allegations that Maller “recommended an investment strategy in 2013 that failed to account for tax liabilities and recommended unsuitable investments.” The complaint was later withdrawn by the customer.
Maller is also referenced in a customer initiated investment related complaint on March 19, 2020 in which the customer requested compensatory damages based upon allegations that Maller made unsuitable transactions relating to the recommendation and sale of investments when Maller was associated with Lincoln Financial Advisors. That claim was also denied by his employer.
Maller has been associated with Lincoln Financial Advisors Corporation since November 20, 1998.
