Last Updated: May 2025 – Santa Maria, CA
Here’s what you need to know about Santa Maria, CA, stockbroker Elaine Lisa Hartman:
- Name: Elaine Lisa Hartman
- CRD Number: 2070272
- Current Employer: Independent Financial Group, LLC
- Function: Stockbroker / Financial Advisor
- Alias: Elaine Lisa Garcia, Elaine Lisa Grimmitt, Elaine Palmer
- Previously Registered With: JHS Capital Advisors, LLC; Maguire Investments, Inc.
- DBA: Crosby Investment Group, Cherry Creek Capital Management, Paxton Consulting Group, Advisors Associates
- Can Elaine Hartman be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $1,100,000
If you’ve sustained damages from Ms. Hartman, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Elaine Lisa Hartman As Your Stockbroker?
A FINRA arbitration (Case No. 23-03531) filed by a customer of Independent Financial Group, was settled in 9/2024 for $1,100,000. The Statement of Claim alleged that Elaine Hartman churned the account, made excessive trades, breached her fiduciary duty and other wrongdoing.
The case underscores the duty of firms and representatives to avoid excessive trading and misrepresentation, which may constitute violations under FINRA Rules 2111 (Suitability), 2010 (Standards of Commercial Honor), and 2020 (Misrepresentation).
Allegations of Broker Misconduct Against Elaine Lisa Hartman
- Alleged misconduct includes:
- Breach of fiduciary duty
- Negligence and negligent supervision
- Excessive trading
- Churning
- Fraud, deceit, and misrepresentation
- Unfair business practices
Although Hartman denies any wrongdoing, such disputes may suggest failure to uphold FINRA Rule 2111, which requires recommendations be suitable for the customer, and Rule 3110 regarding supervision.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Independent Financial Group brokers
If you have suffered investment losses in an account handled by Elaine Lisa Hartman, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.