Christopher Hibbard, formerly with Merrill Lynch, Sentenced to Eight Years for Fraud
Have you lost money with financial advisor Christopher Hibbard from Louisville, Kentucky? We are continuing to look into allegations made against Christopher Lee Hibbard. Hibbard was sentenced to eight years in prison for stealing money from numerous clients while he was a representative of Merrill Lynch.
In 2018, FINRA barred Hibbard from the securities industry after he failed to respond to an investigation. Hibbard was being investigated regarding allegations of theft and unauthorized trading. In November 2018, Hibbard was charged with nine counts of wire fraud, and one count of investment advisor fraud. Hibbard was alleged to have stolen $4.4 million.
Christopher Hibbard was a registered representative and financial advisor with Merrill Lynch from July 2010 to January 2018. He worked out of a branch office in Louisville, Kentucky.
Broker-dealers like Merrill Lynch have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Our firm represents investors throughout the country who are victims of financial advisors’ negligence and fraud in FINRA arbitration. Our firm has offices in Seattle, Phoenix, Ann Arbor and Denver, and we continue to represent investors throughout the U.S., including throughout Kentucky and in Louisville.