Erez Law is currently investigating former Wells Fargo Clearing Services, LLC broker Andrew Egber (CRD# 1894585) who was barred by FINRA. He was registered with Steward Partners Investment Solutions, LLC in Bethesda, Maryland, from 2022 to 2024, where he managed $230 million in client assets, according to public records. Previously, he was registered with Raymond James Financial Services, Inc. in Bethesda, Maryland, from 2018 to 2022, and with Wells Fargo Clearing Services, LLC in Rockville, Maryland, from 2009 to 2018.
According to the FINRA settlement, in April 2024, FINRA barred the broker for refusing “to produce information and documents requested pursuant to FINRA Rule 8210.” The broker accepted the findings and did not appear for the FINRA hearing. FINRA reported that in March 2024, Wells Fargo “filed an amendment to Egber’s Form US, which stated that the firm had initiated an internal review and was ‘reviewing allegations of possible theft of client funds’ by Egber.”
Andrew Egber Customer Complaints
He has been the subject of two customer complaints between 2001 and 2024, one of which was denied, according to his CRD report:
February 2024. “Customers complain that they made an outside investment through the Financial Advisor and would like to be made whole on funds that were not returned. (5/19/2017).” The case is currently pending.
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, Wells Fargo Clearing Services, LLC may be liable for investment or other losses suffered by Andrew Egber’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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