Merrill Lynch terminated broker Christopher Lee Hibbard following a customer complaint alleging unauthorized transactions and theft related to variable annuities and money market funds.
According to Hibbard (CRD #3176484)'s BrokerCheck report, a Merrill Lynch customer filed a dispute alleging the theft in December 2017, and the firm discharged Hibbard in early January 2018.
A Merrill Lynch spokesperson indicated an internal investigation of Hibbard's conduct led to a finding of fraud, writing that Hibbard "stole client funds and made unauthorized transactions."
Merrill Lynch notified law enforcement and the FBI is investigating. The customer's and Merrill Lynch's allegations remain unproven for now.
If you have invested with former Merrill Lynch representative Christopher Lee Hibbard or with any broker or financial adviser who has stolen your funds or effected unauthorized transactions in your accounts that have proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.