Investment Losses with Merrill Lynch Financial Advisor Christopher Hibbard
Posted on Wednesday, October 3rd, 2018 at 4:56 pm
Merrill Lynch financial advisor Christopher Hibbard (CRD# 3176484) has eight pending customer complaints for misappropriation of funds, unauthorized transactions and theft. Hibbard has been registered with Merrill Lynch, Pierce, Fenner & Smith Inc. in Louisville, Kentucky from 2010 to January 2018 when he was terminated regarding, “Conduct including unauthorized transactions and theft.”
In May 2018, FINRA barred Hibbard after he failed to respond to FINRA request for information.
In April 2018, the United States Attorney’s Office, Western District of Kentucky opened an investigation into Hibbard regarding, “unauthorized use of client funds by registered representative during his employment with the Firm.”
Hibbard has been the subject of eight customer complaints in 2018, according to his CRD report. Most complaints are regarding variable annuities and mutual funds.
July 2018. “Attorney for client alleges theft, churning, misrepresentation, unsuitable investment recommendations and misappropriation of funds from July 1, 2010 until January 1, 2018.” The case is currently pending.
May 2018. “From November 2009 to August 2010 client alleges misappropriation of funds.” The case is currently pending.
May 2018. “The customers allege misrepresentation and discrepancies in amount of withdrawals from account from May 2011 to February 2018.” The case is currently pending.
April 2018. “Attorney for client alleges theft and unauthorized annuity withdrawals from 2011 to 2014.” The case is currently pending.
April 2018. “The Customer alleges theft and misappropriation of funds from July 2010 until August 2016.” The case is currently pending.
April 2018. “Trustee alleges theft and an unauthorized annuity withdrawal in 2011.” The case is currently pending.
April 2018. “Attorney for client alleges fraud and lack of documentation related to accounts from July 2010 to present.” The case is currently pending.
March 2018. “The customers allege unauthorized transactions and theft, unsuitable investment recommendations, failure to follow instructions, and misrepresentation.” 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 may be liable for investment or other losses suffered by Hibbard’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.