Andy Egber Allegedly Refused to Cooperate with Theft Inquiry
Andy Egber (CRD# 1894585), formerly a broker registered with Steward Partners, refused to cooperate with an investigation into theft allegations, according to a regulatory sanction. MDF Law is investigating the former Bethesda, Maryland financial professional for similar conduct. We encourage investors to contact us for a free consultation if they have concerns about their accounts.
To learn more about the allegations against Mr. Egber, continue reading this post. The information below can be found in his BrokerCheck record, a Financial Industry Regulatory Authority resource accessed on September 6, 2024.
FINRA Sanction: Egber Refused to Provide Information
In April 2024, FINRA initiated a disciplinary action against Mr. Egber. According to a disclosure on his BrokerCheck profile, the regulator alleged that he refused to cooperate with an investigation into allegations of “possible theft of client funds.” In addition to failing to produce documents and information requested by FINRA, the disclosure notes, he also allegedly refused to appear for requested on-the-record testimony. As a result, FINRA indefinitely barred him from associating with any member firm in any capacity.
Pending Dispute Alleges Failure to Return Funds
In March 2024 an investor lodged a dispute involving Mr. Egber. The claimant specifically alleged that they made an outside real estate investment through Mr. Egber, and that the funds they invested “were not returned.” The dispute, which remains pending, seeks $135,000 in damages.
Firm Settled Past Dispute
The above-described pending dispute is not the only one described on Mr. Egber’s BrokerCheck profile. In February 2024, another party of investors filed a dispute alleging that they made an outside investment through him and that their funds “were not returned.” His former member firm settled the dispute for $98,736.
FINRA: Egber Last Based in Bethesda, Maryland
Andy Egber began his career as a broker in 1989, when he registered with Legg Mason Wood Walker’s branch office in Bethesda, Maryland. Over the subsequent years, he went on to register with firms including UBS Financial Services, Wells Fargo, and Raymond James Financial Services. He joined Steward Partners Investment Solutions’ office in Bethesda in 2022, remaining at the firm until his departure in April 2024. With 35 years of experience as a broker under his belt, he has completed four industry exams, including the Series 7 and the Series 65. Following FINRA’s disciplinary action earlier this year, he has not registered with any broker-dealer firm.
Lost More Than You Could Afford to Lose? Call MDF Law
If you have lost money in real estate or other investments recommended by Andy Egber, you may be able to file a FINRA arbitration claim to pursue damages. Call MDF Law at 800-767-8040 to chat with an attorney for free. We take cases on a contingency basis—clients only pay a fee if they win—and we offer free consultations nationwide. You may have a limited time to file a claim, so we encourage you to avoid delay: call MDF Law today.