Can I recover losses from investments with former Elite Wealth Management, Inc. broker Robert Lybbert (CRD# 7451138)? He was registered as a financial advisor with Edward Jones in Issaquah, Washington, from 2025 to 2026. He was registered with Elite Wealth Management, Inc./Lattice Capital Management LLC in Kirkland, Washington, from 2021 to 2025, and as a financial wellness consultant with KeyBank in Sammamish, Washington, from 2019 to 2021. 

Robert Lybbert Customer Complaints

He has been the subject of 10 customer complaints between 2025 and 2026, according to his CRD report:

January 2026. “Claimants allege breach of fiduciary duty, negligent failure to supervise, and negligence as a result of unsuitable and fraudulent hedge fund investments.” The customer is seeking $1,000,000.01 in damages, and the case is currently pending. The complaint was regarding hedge fund losses, and it took place while he was registered with Elite Wealth Management, Inc.

January 2026. “Claimants seek compensatory damages against Respondents for allegedly violating the Investment Advisers Act of 1940, unsuitable investments, failure to act in the “best interest” of the Claimants, misrepresentation and omissions, breach of fiduciary duty, breach of contract, failure to supervise, negligence, control person liability, violation of the Securities Act of Washington and violation of federal securities laws relating to hedge fund investments.” The customer is seeking $5,000,000 in damages, and the case is currently pending. The complaint was regarding hedge fund losses, and it took place while he was registered with Elite Wealth Management, Inc./Lattice Capital Management LLC.

January 2026. “Claimants seek compensatory damages against Respondents for allegedly violating the Investment Advisers Act of 1940, unsuitable investments, failure to act in the “best interest” of the Claimants, misrepresentation and omissions, breach of fiduciary duty, breach of contract, failure to supervise, negligence, control person liability, violation of the Securities Act of Washington and violation of federal securities laws relating to hedge fund investments.” The customer is seeking $52,000,000 in damages, and the case is currently pending. The complaint was regarding hedge fund losses, and it took place while he was registered with Elite Wealth Management, Inc./Lattice Capital Management LLC.

December 2025. “Plaintiff alleges Fraud, Negligent Representation, Breach of Duty, Unlawful Trade Practices Act and Negligence.” The customer is seeking $2,137,533.29 in damages, and the case is currently pending. 

November 2025. “Claimants allege breach of fiduciary duties, violation of Washington State Securities Act, violation of the Washington Consumer Protection Act, violation of Section 10(b) of the Exchange Act (15 U.S.C. Section 78j), and Rule 10b-5 Promulgated Thereunder (17 C.F.R. Section 240.10b-5) relating to hedge fund investments.” The customer is seeking $1,795,000 in damages, and the case is currently pending. The complaint was regarding hedge fund losses, and it took place while he was registered with Elite Wealth Management, Inc.

October 2025. “The Claimants assert multiple causes of action, including breach of fiduciary duty, negligence, negligent misrepresentation, as well as violations of the Investment Advisers Act of 1940, Washington’s Securities Act and Blue-Sky laws, Washington’s Consumer Protection Act (RCW 19.86), unlawful sale of securities (RCW21.20.140), voidable real-property transactions (RCW 19.40). The Claimants further allege fraud, unjust enrichment, breach of contract and vicarious liability.” The customer is seeking $103,000,000 in damages, and the case is currently pending. The complaint was regarding hedge fund losses, and it took place while he was registered with Elite Wealth Management, Inc./Lattice Capital Management LLC.

August 2025. “Breach of Fiduciary duty, Negligence, negligent misrepresentation and omissions, breach of contract, violation of the Washington State Securities Act RCW 21.20.010, Violation of the WA Consumer Protection Act RCW 19.86 et seq.” The customer is seeking $2,000,000 in damages, and the case is currently pending. 

July 2025. “The claimant alleges, Negligence, Negligent Misrepresentations, Violation of Securities Act of Washington, Violation of the Duty of Care under the Investment Advisors Act of 1940, Unlawful Sale of Securities in Violation of RCW 21.20.140, Violation of Washington’s Consumer Protection Act, RCW 19.86, Voidable Real Property Transactions, RCW 19.40.” The customer is seeking $950,000 in damages, and the case is currently pending. 

July 2025. “The Claimants allege Breach of Fiduciary duty and Negligence.” The customer is seeking $15,000,000 in damages, and the case is currently pending. 

June 2025. “Breach of fiduciary duty, Fraud, Unjust Enrichment, Violation of Washington Securities Laws due to the recommendation of unsuitable products to claimant resulting in a substantial loss between August 2024 and April 2025.” The customer is seeking $1,375,210 in damages, and the case is currently pending. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Elite Wealth Management, Inc. may be liable for investment or other losses suffered by Robert Lybbert’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.