Last Updated: December 2023 (Long Beach, CA )
Rick Harbus Investigation Summary
Here’s what you need to know about Long Beach, California, stockbroker Rick Harbus:
- Name: Rick Isaac Harbus
- Current Employer: HBW Advisory Services (RIA), not currently registered with FINRA
- DBA: HBW Partners
- Previous Firms: Cetera Advisor Networks, HBW Securities, PFS Investments
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Rick Harbus
- Primary Location: Long Beach, CA
- CRD 2278654
- Can Rick Harbus be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $19,350
- Pending Customer Dispute Seeks Damages of $350,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Rick Harbus As Your Registered Investment Advisor?
In 12/2023 a customer of HBW Advisory Services made a claim for $350,000 alleging that Rick Harbus’ investment strategies were not effective in mitigating losses. This matter is currently pending.
In a prior customer dispute, a customer was paid $19,350 to resolve allegations that he paid excessive fees in connection with his annuity.
Allegations of Misconduct Against Rick Harbus
Customers of Rick Harbus have alleged the following wrongdoing in connection with the handling of customer accounts:
- Investment strategies caused losses of $350,000
- Excessive fees on annuities
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. 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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Rick Harbus, 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.
