Steve Hefter
Broker Info
Contact data available online
1849 Green Bay Rd, Suite 200, Highland Park, IL 60035
847-563-3401
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About Steve Hefter
Introduction to Steven Hefter Career and Financial Record:
Steven Hefter is a longtime financial professional with decades of experience as a registered broker and investment adviser. He is currently affiliated with Wells Fargo Advisors Financial Network, LLC, based in Highland Park, Illinois. Over the years, he has been registered with multiple financial firms, including Morgan Stanley and Wells Fargo Clearing Services, LLC. While he has built a career in financial services, his professional record includes regulatory disclosures that warrant careful review. Hefter is licensed to operate in 32 U.S. states and territories, and his qualifications can be verified through FINRA BrokerCheck and SEC Investment Adviser Public Disclosure. Though he has advised clients on wealth management and investment strategies, disclosures in his history raise concerns about financial and legal matters. Such records highlight the importance of due diligence when choosing a financial professional. Clients and investors should always review publicly available regulatory information before engaging in financial transactions. Hefter’s professional standing remains subject to industry oversight, reinforcing the need for transparency in financial services.
- This summary is automatically created and published by data analyzed and provided by DeepSeek, Grok and Google.
Red Flags & Disclosures on Steve Hefter
On May 23, 2024, a civil judgment/lien in the amount of $2,600,000 was filed against Steven Hefter. The details surrounding the judgment have not been fully disclosed, but civil liens typically arise when a court rules that an individual owes a significant sum due to legal disputes, unpaid debts, or financial obligations. Such judgments can be the result of lawsuits related to contractual disputes, professional liabilities, or other financial matters.
The presence of a multi-million-dollar civil judgment is a serious financial event, often raising concerns about the individual’s financial standing and ability to manage obligations effectively. It may also impact an adviser’s credibility, as financial professionals are expected to demonstrate strong personal financial management. The case remains subject to post-judgment motions, which suggests that legal proceedings are still ongoing or that appeals may be in progress.
While this judgment does not necessarily affect Hefter’s ability to continue operating as a financial professional, it is a notable event in his professional history. Investors and clients may wish to review the full details through FINRA BrokerCheck and other official records before engaging in financial transactions.
How to report Steve Hefter to FINRA
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Investors distrust FINRA BrokerCheck reports because they often omit key information, are susceptible to manipulation by brokers, and fail to provide the detailed insights necessary for evaluating financial advisors. Disclosure manipulation is facilitated by limited termination reporting, expungement processes, and selective data presentation. Meanwhile, the lack of detail stems from FINRA’s preference for concise reports over comprehensive transparency, despite having access to richer data.
FINRA has stated it aims to balance investor protection with fairness to brokers, limiting disclosures to what it deems "relevant" and "appropriate." This approach avoids overwhelming users but sacrifices the depth investors need for informed decisions.
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