Patrick Maguire: $1.2mm Complaint Against Greenberg & Rapp Advisor

A recent investor complaint against Morristown, New Jersey financial advisor Patrick Maguire (CRD# 4892680) alleges that his conduct resulted in damages exceeding $1 million. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with M Holdings Securities, as well as a representative of Greenberg & Rapp.

Mr. Maguire’s BrokerCheck report discloses one investor complaint. Filed in December 2024, it alleges that as a representative of M Holdings Securities, he failed to exercise reasonable diligence and care when selling a fixed universal life insurance policy, and that he failed to disclose the policy’s features, costs, and pricing. The pending complaint alleges damages of $1.23 million.

The website for Greenberg & Rapp, which offers securities through M Holdings Securities, includes a profile of Mr. Maguire that describes his background and services as a managing partner at the firm. “Spending a majority of his career in the financial services industry has given Patrick a broad knowledge of insurance and investment products and their uses in both up and down markets,” it states. “He specializes on topics such as annuities and life insurance. Patrick has given numerous talks and presentations to the M Holdings community on such topics as estate planning techniques, charitable giving strategies, and wealth transfer for businesses.”

According to the Financial Industry Regulatory Authority, Patrick Maguire holds seven years of securities industry experience. Based in Morristown, New Jersey, he has been registered as a broker and an investment advisor with M Holdings Securities since 2017 and 2023, respectively. His credentials include the passage of four securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the Securities Industry Essentials Examination, or SIE. He holds 26 state licenses. (Information current as of January 25, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.