Andrew Egber Barred by FINRA

Andrew Egber (CRD #: 1894585) has been barred by FINRA. Details this disclosure appear on his BrokerCheck record, accessed on June 17, 2024. Keep reading if you have concerns regarding his alleged conduct. 

Regulatory Action 

On April 26, 2024, FINRA barred Andrew Egber following allegations that he refused to produce information and documents requested by FINRA in connection with its investigation of allegations made on an amended Form U5 filed by his member firm. The findings alleged that Andrew Egber had possibly engaged in theft of client funds. He also allegedly refused to appear for on-the-record testimony requested by FINRA. 

You can read a copy of the bar here.

FINRA Rule 8210

FINRA Rule 8210 requires members to submit their books and records for inspection and to appear for testimony in connection with FINRA investigations. 

Investor Disputes

On April 25, 2024, an investor alleged that they made an outside investment and that the funds were not returned. The investor is seeking $135,000. 

On February 15, 2024, investors alleged that they made an outside investment through the financial advisor and would like to be made whole on funds that were not returned. 

Outside Business and Selling Away

There are three outside businesses listed on Andrew Egber’s detailed BrokerCheck record: 

• Steward Partners Investment Advisory
• Steward Partners Global Advisory 
• The Egber-Lopez Investment Group 

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Firms may also require brokers to seek approval of any outside business.

Background Information 

Andrew Egber 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 

During his 35 years of experience, he has registered with the following five firms: 

• Steward Partners Investment Solutions (CRD #: 1254) 
• Raymond James Financial Services (CRD #: 6694) 
• Wells Fargo Clearing Services (CRD #: 19616) 
• UBS Financial Services (CRD #: 8174) 
• Legg Mason Wood Walker Incorporated (CRD #: 6555) 

Kurta Law Can Help 

If you have worked with Andrew Egber and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.