Peter David Maller (CRD #2322403) Has Multiple Customer Dispute Disclosures on FINRA BrokerCheck

Peter David Maller (CRD #2322403) was previously registered as a broker and has customer disputes on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 12, 2026. It reflects eight customer disputes. If you invested with Peter David Maller and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Peter David Maller’s FINRA BrokerCheck report reflects eight customer dispute disclosures. The summaries below highlight two examples. Six additional customer disputes are listed on the report.

On January 21, 2026, a customer alleged investment losses, a poor recommendation, and a failure to adhere to best interest standards in connection with a 2014 limited partnership sale and a 2015 REIT sale for an IRA account. Peter David Maller’s FINRA BrokerCheck report lists alleged damages of $60,000 and shows the matter was denied on February 2, 2026.

On November 1, 2024, a claimant alleged Peter David Maller recommended an unsuitable oil and gas investment. Peter David Maller’s FINRA BrokerCheck report lists alleged damages of $100,000 and shows the matter closed with no action on August 18, 2025.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. It also requires matching the recommendation to the customer’s investment profile, including risk tolerance and liquidity needs. Disputes involving oil and gas interests, limited partnerships, and REITs can raise questions about whether the recommendation fit those factors.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system that is reasonably designed to achieve compliance with securities laws and FINRA rules. Customer disputes over complex or illiquid products can raise questions about how recommendations were reviewed and supervised.

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 his FINRA BrokerCheck report, Peter David Maller:

Is not currently registered as a broker.

Has passed three general industry/product exams and one state securities law exam. He also holds or held the Certified Financial Planner designation.

Was previously registered with Osaic Wealth, Inc., Osaic FA, Inc., and The Lincoln National Life Insurance Company.

Kurta Law Can Help

If you have worked with Peter David Maller and you have concerns about his activity, 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 | Security 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.