There are options for clients of Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Stephen Hlibok (CRD# 1728900) who suffered investment losses due to unauthorized trading. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Columbia, Maryland, since 1987.
Stephen Hlibok Customer Complaints
He has been the subject of two customer complaints between 2023 and 2025, one of which was denied, according to his CRD report:
December 2025. “The client’s attorney alleges unauthorized trading.” The customer is seeking $500,000 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, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Stephen Hlibok’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.
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