A recent investor complaint disclosed on Jamestown, North Dakota financial advisor Paul Witthauer’s (CRD# 1672263) BrokerCheck report concerns allegations regarding...Read More
Chris Hibbard: Complaints Against Louisville Financial Advisor
Settled and pending investor complaints against former Louisville, Kentucky broker Chris Hibbard (CRD#: 3176484) allege conduct including unsuitable recommendations, fraud, misappropriation, embezzlement, and more. Hibbard is a former representative of Merrill Lynch, according to information drawn from Financial Industry Regulatory Authority records.
A 2019 complaint alleged that as a representative of Raymond James Financial and Merrill Lynch, Chris Hibbard misrepresented material facts, misappropriated funds, committed forgery, and engaged in embezzlement. The complaint reached a settlement of $250,000.
A 2018 complaint alleged that as a representative of Merrill Lynch, he misrepresented material facts and was responsible for “discrepancies in amount of withdrawals from account.” The complaint reached a settlement in 2019 of $500,000.
A 2018 complaint alleged that as a representative of Merrill Lynch, committed theft and made unauthorized annuity withdrawals. The complaint reached a settlement of $2,250,000.
A 2018 complaint alleged that as a representative of Merrill Lynch, he executed unauthorized transactions, engaged in theft, made unsuitable investment recommendations, failed to follow instructions, and misrepresented material facts. The complaint reached a settlement of $3,600,000.
A pending 2018 complaint alleges that as a representative of Merrill Lynch, he misappropriated funds. The complaint alleges unspecified damages.
A pending 2018 complaint alleges that as a representative of Merrill Lynch, he misrepresented material facts, committed theft, churned investments, made unsuitable recommendations, and misappropriated funds from July 2010 until January 2018. The complaint alleges unspecified damages.
Chris Hibbard’s disclosure records also list one employment separation and one regulatory sanction: specifically, his 2018 discharge from Merrill Lynch over allegations of unauthorized transactions and theft, and a 2018 FINRA action barring him from association with any FINRA member in any capacity resulting from allegations he failed to respond to a FINRA request for information.
Chris Hibbard is currently not registered as a broker or investment advisor. His employment history includes Merrill Lynch in Louisville, Kentucky; Morgan Keegan & Company in Louisville, Kentucky; and AG Edwards & Sons in St. Louis, Missouri. He currently holds zero state licenses and has passed three securities industry qualification examinations.