Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has launched a formal investigation into former Maryland financial advisor Andrew Joseph Egber (CRD #1894585) following a string of disturbing criminal convictions and regulatory actions. If you invested with Andrew Egber—previously associated with Steward Partners Investment Solutions, LLC, Wells Fargo Clearing Services, LLC, or Raymond James Financial Services, Inc.—you may have options to recover your losses. Our attorneys, leveraging 95+ years of combined securities law experience and a 98% success rate across hundreds of investor claims, are committed to helping investors navigate complex fraud cases.
Why We’re Investigating Andrew Egber
Table of Contents
Our firm’s investigation stems from Egber’s recent guilty plea and sentencing in Maryland courts. According to state records, Egber was sentenced to 18 months in jail and five years of probation after pleading guilty to two counts of felony theft, one count of securities fraud, and exploitation of a vulnerable adult. He was ordered to pay over $545,000 in restitution—underscoring the scope of alleged investor losses tied to his conduct.
While his public record may show few written complaints, our experience shows that broker misconduct such as Egber’s is often underreported. Investors victimized in these cases are commonly unfamiliar with recovery options—or fear that taking action will be futile. Let us assure you: recovery is possible, and our attorneys stand ready to fight for you.
Summary Table: Andrew Egber’s Registration and Affiliations
| Advisor Name | CRD # | Broker-Dealer (Most Recent) |
|---|---|---|
| Andrew Joseph Egber | 1894585 | Steward Partners Investment Solutions, LLC |
Criminal Allegations and Sentencing
Andrew Egber’s conviction presents severe red flags for current and past clients. Maryland prosecutors argued Egber targeted elderly and vulnerable clients from 2015–2018—largely during his tenure at Wells Fargo Clearing Services, LLC. He convinced these investors to liquidate their retirement savings for what he claimed were legitimate real estate investment opportunities. Instead, Egber personally pocketed those funds. The court’s restitution order represents only a portion of the damage inflicted on his clients.
Regulatory Actions: Barred from the Securities Industry
The Financial Industry Regulatory Authority (FINRA) permanently barred Andrew Egber from acting as a broker. According to records, Egber refused to cooperate with FINRA’s investigation into allegations of improper fund handling and client theft. This refusal carries an automatic bar—and an admission, in regulatory terms, that he could not defend his actions. Investors can visit BrokerCheck to independently verify Egber’s barred status and registration history.
The Red Flags Investors Cannot Ignore
- Felony theft over $100,000 – Multiple counts for misappropriating client funds
- Securities fraud conviction – Falsely marketing and selling illegitimate investments
- Exploitation of a vulnerable adult – Targeted the elderly and those least able to recoup losses
- Permanently barred by FINRA – Refused to provide crucial documents relating to client funds
- Restitution order – Court-mandated repayment of $545,831 to his victims
- Employment at reputable firms – Wells Fargo Clearing Services, LLC, Raymond James Financial Services, Inc., and Steward Partners Investment Solutions, LLC
What Do Regulatory Disclosures Say?
While the most recent BrokerCheck snapshot does not list customer complaints, arbitrations, or SEC enforcement actions against Egber, this absence should not dissuade victims from seeking recovery. Criminal actions and industry bars are themselves powerful indicators of significant wrongdoing. Our experience shows that much broker misconduct, especially involving “selling away” or unapproved outside investments, is not always promptly or thoroughly reported in public databases.
Possible Investor Claims: How You May Recover Your Losses
If you suffered losses with Andrew Egber, it may be possible to pursue a recovery against one of his former broker-dealers. Brokerage firms have a legal duty to supervise their representatives. When that supervision fails, the firm itself can often be held responsible for losses—especially in cases of:
- Fraud or misrepresentation
- Unsuitable investment recommendations
- Selling away (private securities transactions not approved by the firm)
- Failure to supervise
Our attorneys rely on insider knowledge—honed through decades spent as Wall Street defense lawyers—to pinpoint firm-level supervision lapses and aggressively pursue investors’ claims through FINRA arbitration or other forums.
Andrew Egber’s Employment History
- Steward Partners Investment Solutions, LLC (2022–2024)
- Raymond James Financial Services, Inc. (2018–2022)
- Wells Fargo Clearing Services, LLC (2009–2018) – Site of alleged criminal misconduct
Even if you are not listed as a victim in the criminal case, you may have viable claims if you purchased outside investments, were encouraged to write personal checks, or see unexplained losses linked to accounts managed by Egber.
Action Steps for Concerned Investors
- Check your account statements for unauthorized withdrawals, unfamiliar investments, or instructions to write checks to Egber directly.
- Visit FINRA BrokerCheck to confirm the status and disciplinary history for Andrew Joseph Egber (CRD #1894585).
- Document communications with Egber or your broker-dealer related to investment recommendations, especially in real estate or private deals.
- Contact our attorneys for a free, confidential review of your case.
Our Experience Is Your Advantage
We are proud to be recognized among the Top 2% of peer-reviewed firms (Martindale-Hubbell AV Preeminent), with attorneys designated as Super Lawyers and boasting extensive 5.0-star client reviews. Our “No recovery, no fee” promise means you owe us nothing unless we secure a result in your favor.
Our mission is to ensure no investor faces financial harm alone. The sooner you act, the greater your options for recovery.
Get a Free Consultation: Don’t Wait
If you or a loved one lost money with Andrew Egber in Maryland or elsewhere, speak confidentially with our seasoned advocates. Share your story and learn about your rights—free of charge.
Call us now at 1-888-885-7162 for immediate assistance and the dedicated advocacy you deserve.
