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Steven Mayer Allegedly Misrepresented an Investment

Steven Mayer (CRD #: 4138239), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 1, 2024. Keep reading if you have questions about his alleged conduct. 

Investor Allegations 

On January 29, 2024, an investor alleged that Steven Mayer misrepresented an investment, in violation of FINRA Rule 2020. 

What is Misrepresentation? 

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns, risks, fees, or limitations.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate FINRA Rule 2010.

Background Information 

Steven Mayer has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination
  • Series 24 General Securities Representative Examination 

He is a registered broker in 42 states. 

During his 23 years of experience, he has registered with six firms: 

  • LPL Financial (CRD #: 6413) 
  • MPWM Advisory Solutions (CRD #: 169885) 
  • Chase Investment Services Corp. (CRD #: 25574) 
  • American Express Financial Advisors (CRD #: 6363) 
  • IDS Life Insurance Company (CRD #: 6321) 
  • Brookstreet Securities Corporation (CRD #: 14667)

Kurta Law Can Help 

If you have worked with Steven Mayer and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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