Drew Stegman Barred by FINRA
Drew Stegman (CRD #: 7424494), a previously registered broker with Wells Fargo, has been barred by FINRA, according to his BrokerCheck record, accessed on August 30, 2023. For details concerning his bar, keep reading.
On July 17, 2023, Drew Stegman consented to the findings that he refused to complete on-the-record testimony requested by FINRA in connection with its investigation into his alleged promotion of penny stock on various social media platforms. The findings stated that Drew Stegman initially appeared for testimony, but that halfway through the proceedings he refused to answer any further questions and indicated he would not continue to cooperate with FINRA in the future by testifying.
“Penny stocks” are stocks with relatively low-price shares. They are speculative investments and come with significant risks.
FINRA Rule 8210 requires members to provide documents, information, and testimony upon request by FINRA.
You can read a copy of the Acceptance, Waiver, and Consent agreement here.
Employment Termination
On July 17, 2023, Wells Fargo Clearing Services terminated Drew Stegman following his alleged failure to complete on-the-record testimony at FINRA’s request.
Background Information
Drew Stegman has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Series 7TO General Securities Representative Examination
- SIE – Securities Industry Essentials Examination
He has registered with the following firms:
- Wells Fargo Clearing Services (CRD #: 19616)
- TD Ameritrade (CRD #: 7870)
Kurta Law Can Help
If you worked with Drew Stegman and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want 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.
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