Former Lincoln Financial Advisors Corporation broker Peter Maller (CRD# 2322403) is accused of unsuitable investment recommendations. He has been registered with Osaic Wealth, Inc. in Hunt Valley, Maryland, since 2025. He was registered with Lincoln Financial Advisors Corporation in Hunt Valley, Maryland, from 1992 to 2025, Osaic Wealth, Inc. in Hunt Valley, Maryland, from January to December 2025, Osaic FA, Inc. in Hunt Valley, Maryland, from 1993 to 2025, and The Lincoln National Life Insurance Company in Fort Wayne, Indiana, from 1993 to 2006.
Peter Maller Customer Complaints
He has been the subject of eight customer complaints between 2017 and 2026, three of which were denied and one was closed without action, according to his CRD report:
March 2024. “Claimants allege the RR represented an oil and gas investment as a safe way to generate income with principal security. As the investment began to decline the RR misled Claimants to believing that waiting it out would result in a return of the investment principal. This did not come to fruition as the Claimants suffered a total loss of investment principal.” The customer sought $50,000 in damages, and the case was settled for $12,500. The complaint was regarding oil and gas investment losses. The complaint took place while he was registered with Lincoln Financial Advisors Corporation.
May 2023. “Claimants allege the advisor recommended an unsuitable Oil & Gas investment.” The customer sought $270,000 in damages, and the case was settled for $311,928.71. The complaint was regarding oil and gas investments, and it took place while he was registered with Lincoln Financial Advisors Corporation. The complaint took place while he was registered with Lincoln Financial Advisors Corporation.
February 2023. “Claimants allege the representative recommended an unsuitable Oil & Gas investment.” The customer sought $100,000 in damages, and the case was settled for $110,912.62. The complaint was regarding oil and gas investments, and it took place while he was registered with Lincoln Financial Advisors Corporation.
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.” The case was settled for $115,000. The complaint took place while he was registered with Lincoln Financial Advisors, and it was regarding variable annuities and real estate securities. The complaint took place while he was registered with Lincoln Financial Advisors Corporation.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Lincoln Financial Advisors Corporation may be liable for investment or other losses suffered by Peter Maller’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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