Peter Mersberger Allegedly Misrepresented Alternative Investments

Peter Mersberger (CRD #: 2372186), a broker registered with Purshe Kaplan Sterling Investments, is the subject of a fifth investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 21, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On August 29, 2025, investors alleged that Peter Mersberger recommended multiple alternative investment products. He allegedly misrepresented the risks and potential future income and growth.

The dispute was settled for $126,670.47.

Two other disputes from 2020 alleged Peter Mersberger recommended unsuitable investments. The dispute was settled for $60,000.

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 fees and commissions.

Background Information

Peter Mersberger 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 6 Investment Company Products / Variable Contracts Representative Examination

He is a registered broker in 19 states and is a registered investment adviser in Texas and Wisconsin.

Peter Mersberger has registered with the following firms:

• Purshe Kaplan Sterling Investments (CRD #: 35747)
• Merit Financial Advisors (CRD #: 14257)
• LPL Financial (CRD #: 6413)
• Cambridge Investment Research Advisors (CRD #: 134139)
• Cambridge Investment Research (CRD #: 39543)
• Voya Financial Advisors (CRD #: 2882)
• Locust Street Securities (CRD #: 1703)
• MML Investors Services (CRD #: 10409)
• FBL Marketing Services (CRD #: 5309)

Kurta Law Can Help

If you worked with Peter Mersberger 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.