Christine Maushardt (CRD #5520504) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Christine Maushardt (CRD #5520504) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed her BrokerCheck report on March 12, 2026. It reflects one customer dispute. If you invested with Christine Maushardt and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Christine Maushardt’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On January 22, 2026, a customer alleged Christine Maushardt sold an annuity that was not in the customer’s best interest. The customer sought $100,000 in damages. Christine Maushardt’s FINRA BrokerCheck Report lists the product as a variable annuity. The matter is pending in FINRA arbitration under docket number 25-01935, and BrokerCheck lists the filing date as September 15, 2025.

Rule Summary #1: FINRA Rule 2330 (Deferred Variable Annuities)

FINRA Rule 2330 sets standards for recommendations involving deferred variable annuities. It focuses on disclosure, supervision, and suitability. Complaints about annuity sales often raise questions about whether the product’s features, costs, and risks were explained in a clear way.

Rule Summary #2: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. A broker should match the investment to the customer’s profile. That profile includes factors like risk tolerance, time horizon, and liquidity needs.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Her FINRA BrokerCheck report, Christine Maushardt:

Is currently registered with Cetera Investment Services LLC and Cetera Investment Advisers LLC.

Has passed the Securities Industry Essentials (SIE) exam. Christine Maushardt has passed Series 7 and Series 6. She has also passed Series 65, Series 63, and Series 26.

Was previously registered with firms that include Foresters Financial Services, Inc. and Foresters Advisory Services, LLC.

Kurta Law Can Help

If you have worked with Christine Maushardt and have concerns about the handling of your account, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Investment Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.