Darrick Hutchens: Monon Advisor Landed GWG Complaint

Carmel, Indiana financial advisor Darrick Hutchens (CRD# 4497161) allegedly breached his fiduciary duty in connection with a GWG L Bonds investment, according to a recent investor complaint. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Purshe Kaplan Sterling broker is currently registered as an investment advisor with Monon Wealth Management.

Mr. Hutchens’ BrokerCheck report discloses two investor complaints. The most recent, filed in December 2025, alleged that as a representative of Monon Wealth Management, he breached his fiduciary duty in connection with an investment in a GWG L bond. In February 2026 the complaint reached a settlement of $50,000.

An earlier investor complaint, filed in 2008, alleged that as a representative of Chase Investment Corporation, he made misrepresentations regarding a mutual fund. The complaint alleged damages of $5,892 and was denied by the firm.

An April 2022 article by the Wall Street Journal GWG Holdings an alternative asset manager based in Dallas. The company was reportedly created and sold a product known as L bonds, “which pooled money from bond investors to purchase life-insurance policies on the secondary market,” repaying debts with payouts on the policies. The company raised approximately $1.6 billion “mostly from individual investors,” according to the report, before filing for Chapter 11 bankruptcy. As a The DI Wire report notes, GWG Holdings stated in its bankruptcy filings that it was under investigation by the Securities and Exchange Commission. The regulator was reportedly scrutinizing “how bonds were sold by brokers.” More information on GWG L bonds, and whether they may have been unsuitable investments for some investors, is available here.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Darrick Hutchens holds 24 years of securities industry experience. Based in Carmel, Indiana, he has been registered as an investment advisor with Monon Wealth Management since 2017. His registration history includes Purshe Kaplan Sterling Investments, Wells Fargo Advisors Financial Network, Fifth Third Securities, Chase Investment Services, Prudential Financial Planning, and Pruco Securities. His credentials include the passage of seven securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Investment Company Products/Variable Contracts Principal Examination, or Series 26; and the General Securities Principal Examination, or Series 24. He is licensed in Indiana. (Information current as of March 30, 2026.)

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