Last Updated: March 2024 (Orange Village, Ohio)
John Hibshman Investigation Summary
Here’s what you need to know about Orange Village, OH, stockbroker John HIbshman:
- Name: Mr. John S. Hibshman
- Current Employer: Lincoln Financial Advisors
- Previous Firms: NYLife Securities
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: None
- Primary Location: Orange Village, Ohio
- CRD 2193302
- Can John Hibshman be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Two Pending Customer Disputes Seek Damages of $150,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With John Hibshman As Your Stockbroker?
In 2/2024 two customers of Lincoln Financial Advisors filed FINRA arbitrations alleging that John Hibshman recommended unsuitable investments in Oil and Gas. Damages of $100,000 and $50,000, respectively are sought in these pending cases.
Allegations of Broker Misconduct Against John Hibshman
Customers of John Hibshman have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in oil and gas
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
What is an Investment Adviser?
“An investment adviser is a
- firm or person
- that, for compensation, engages
- in the business of providing investment advice to others about the value of or about investing in securities – stocks, bonds, mutual funds, exchange traded funds (ETFs), and certain other investment products
and/or
- in issuing reports or analyses regarding securities, as part of a regular business.
Advisers typically provide ongoing advice about buying, selling and/or holding investments and will monitor the performance of your investments and their alignment with your overall investment objectives. The fee that you pay for this advice is typically based on the value of all of the assets held in your account with the adviser. You may pay other fees and costs related to servicing your account and the investments that you buy, sell or hold. Advisers also may give advice about market trends or asset allocation or offer financial planning services.”
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Our investigations of other Lincoln Financial Securities brokers
If you have suffered investment losses in an account handled by John Hibshman, 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.
