Haselkorn & Thibaut, a national securities fraud law firm with more than 50 years of experience and a 98% success rate, has opened an investigation into Peter David Maller—a financial advisor previously registered with OSAIC WEALTH, INC. and OSAIC FA, INC. based in Hunt Valley, Maryland. Investors who worked with Peter Maller or had their assets managed through these firms are encouraged to carefully review his professional history and note the red flags that may impact their portfolios or financial futures.
If you have concerns about investments recommended by Peter Maller or suffered unexpected losses, you may be entitled to recover your damages. Call Haselkorn & Thibaut for a free, confidential consultation at 1-888-885-7162. There is no fee unless they recover money for you.
Who is Peter David Maller? An Overview for Maryland Investors
Table of Contents
Peter David Maller—CRD Number 2322403—has a 32-year tenure in the financial services industry. Over his career, he has been registered with major broker-dealers in Hunt Valley, MD, primarily OSAIC WEALTH, INC. and OSAIC FA, INC., and also worked with The Lincoln National Life Insurance Company during overlapping years.
| Firm Name | Location | Period | Status |
|---|---|---|---|
| OSAIC WEALTH, INC. (CRD #23131) | Hunt Valley, MD | 01/24/2025 – 12/31/2025 | Previously Registered |
| OSAIC FA, INC. (CRD #3978) | Hunt Valley, MD | 03/29/1993 – 01/24/2025 | Previously Registered |
| The Lincoln National Life Insurance Co. (CRD #2580) | Fort Wayne, IN | 03/29/1993 – 04/21/2006 | Previously Registered |
As of February 2026, Peter Maller is listed as a Previously Registered Broker and Investment Advisor and is not currently licensed to sell investments or provide securities advice.
Main Red Flags: What Investors Should Know About Peter Maller’s Disclosure History
Investors should be aware that Peter Maller’s record includes seven customer disputes—five involving oil and gas investments—and a history of both denied and settled cases totaling over $550,000 in settlements. Here is a detailed, chronological list of complaints as reported in regulatory databases:
| Date | Status | Allegations | Requested Damages | Outcome/Settlement |
|---|---|---|---|---|
| Nov 1, 2024 | Pending | Recommended unsuitable Oil & Gas investment | $100,000 | Pending |
| Mar 5, 2024 | Settled | Alleged investment was misrepresented as safe with principal security; client suffered total loss | $50,000 | $12,500 |
| May 10, 2023 | Settled | Alleged recommendation of unsuitable Oil & Gas investment for three clients | $270,000 | $311,928.71 |
| Feb 23, 2023 | Settled | Claim of unsuitable investment in Atlas Growth Partners (AGP) | $100,000 | $110,912.62 |
| Mar 19, 2020 | Denied | Alleged unauthorized trade in February 2020 | Not specified | Denied |
| Aug 22, 2019 | Settled | Claim of deception and unsuitable concentration in annuities and illiquid, non-publicly traded investments | Not specified | $115,000 |
| Mar 15, 2017 | Denied | Clients claimed they weren’t informed about illiquidity of investments purchased in 2015 and 2016 | Not specified | Denied |
Key Takeaways for Investors:
- Pattern of Suitability Concerns: Most cases focus on oil and gas or illiquid investments allegedly not suitable for the client’s needs or risk tolerance.
- Total Disclosures: 7 customer disputes, with 4 settled (comprising over $550,000 in settlements), 2 denied, and 1 pending as of the latest records.
- Repeated Allegations Regarding Illiquidity: Multiple complaints claim clients were not properly informed about the risks and lack of liquidity associated with certain products.
- Continued Client Relationships: Broker comments note ongoing relationships with clients, though regulatory actions and client complaints persist.
Understanding the Broker’s Defense and Client Impact
In response to these disputes, Peter Maller has consistently stated that complaints were not personal indictments of his conduct, but generally directed towards the broker-dealer’s selection of products (notably Lincoln National’s offerings). He asserts that risks and liquidity were disclosed, portfolios were diversified, and that class-action participation was encouraged by outside parties targeting the broker-dealer. Maller’s comments also emphasize that clients remained with his advisory practice, and in some cases, added assets after the fact.
However, multiple settlements and a pending dispute underscore the importance of diligent due diligence and independent evaluation if you worked with Peter Maller or OSAIC FA/WEALTH, INC.
What Should Investors Do?
If you believe you may have suffered losses or were unsuitably invested as a result of advice from Peter Maller while he was affiliated with OSAIC FA, INC., OSAIC WEALTH, INC., or The Lincoln National Life Insurance Company in Hunt Valley, Maryland, now is the time to act. Even if your specific issue was denied or remains unresolved, you have the right to seek a professional opinion and explore recovery options.
Haselkorn & Thibaut’s national securities fraud team is experienced in representing clients in complex investment disputes—including those involving oil & gas, limited partnerships, annuities, and other alternative investments. With no fee unless you recover and a 98% success rate, their attorneys are ready to assist you.
Get your free, confidential portfolio review and consultation at 1-888-885-7162 today.
- There is no obligation and your information remains confidential.
- Haselkorn & Thibaut is national, experienced, and results-driven.
- Find out if you may be eligible for compensation—don’t delay, as certain claims have time limits.
To review Peter Maller’s complete BrokerCheck record, click here.
Even if you’re unsure about the specifics of your investments or which products were involved, consultation is free and could help you recover losses you may not realize are eligible.
The investigation into Peter Maller’s advisory practices and product recommendations is ongoing. If you or someone you know was a client of Peter Maller at OSAIC WEALTH, INC. or OSAIC FA, INC. in Hunt Valley, MD, now is the time to seek clarity and take action. Contact Haselk
