Advisor Alert: Our Attorneys Are Investigating Steven S. Maher Sr. For Investment Fraud
Did You Lose Money Because of Steven Maher?
Filed: January 16, 2024
Steven Maher has been the subject of one (1) regulatory event, one (1) termination event and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Steven S. Maher Sr.
Who Is Steven S. Maher Sr.?
- Advisor Name: Steven S. Maher Sr.
- Aliases: Steven S Maher
- CRD: 1011535
- Location: Brielle, New Jersey
- Current Employer: Currently Not Registered
- Previous Firms: Newbridge Securities Corporation, American Portfolios Financial Services, Inc., and Next Financial Group, Inc.
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Steven Maher Be Sued: Yes, in Private Arbitration
- Can Steven Maher’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: $30,000
If you have suffered investment losses by Steven Maher, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Steven Maher For Broker Misconduct
As of this publication date, Steven Maher has been the subject of 1 regulatory event, 1 termination event and 1 customer dispute. Let’s review them below.
In March 2020, FINRA initiated a regulatory action against or in reference to Steven Maher for allegedly obtaining a customer’s signature on a partially completed Variable Annuity Disclosure Form and used a photocopy of the signature page to complete additional forms that were required to obtain his member firm’s approval of the transaction he was recommending to the customer.
In October 2019, an arbitration was filed against or in reference to Steven Maher by multiple customers of NEXT Financial Group, Inc. alleging breach of contract, promissory estoppel, breach of covenant of good-faith and fair dealing, negligent misrepresentation, negligence, and breach of fiduciary duty. On May 11, 2020, Mr. Maher settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Maher’s employer and/or insurance carrier.
In August 2017, NEXT Financial Group, Inc. terminated Steven Maher for failing to follow firm policy regarding customer signatures on new account documentation and variable annuity disclosure forms.
How To File A Claim Against Steven Maher (previously with Newbridge Securities Corporation, American Portfolios Financial Services, Inc., and Next Financial Group, Inc.) To Get Your Money Back
If you have questions about Steven Maher, Newbridge Securities Corporation, American Portfolios Financial Services, Inc., Next Financial Group, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.