Investigation into Darrick Hutchens, former Purshe Kaplan Sterling advisor at Monon Wealth Management

Haselkorn & Thibaut has opened an investigation into Darrick Hutchens, a financial advisor based in Carmel, Indiana, who is currently associated with Monon Wealth Management and formerly registered with Purshe Kaplan Sterling Investments. If you are an investor concerned about your accounts or have suffered investment losses, we encourage you to review the information below and consider a free, confidential consultation with our experienced investment fraud attorneys at 1-888-885-7162.

Overview of Darrick Hutchens – Monon Wealth Management (Carmel, IN)

Darrick Hutchens (CRD# 4497161) is an investment advisor with more than 24 years of experience in the securities industry. His professional journey reflects a broad range of experience:

• Current Advisory Firm: Monon Wealth Management (registered since 2017, Carmel, IN)
• Former Broker-Dealer: Purshe Kaplan Sterling Investments
• Previous roles at Wells Fargo Advisors Financial Network, Fifth Third Securities, Chase Investment Services, Date
  Forum
  Type of Action
  Allegations/Claims
  Status/Outcome

  12/2025
  Customer Complaint
  Fiduciary Breach – GWG L Bonds
  Alleged breach of fiduciary duty as representative of Monon Wealth Management in connection with a GWG L bond investment.
  Settled for $50,000 (02/2026)

  2008
  Customer Complaint
  Misrepresentation – Mutual Fund
  Alleged misrepresentation regarding a mutual fund as a representative of Chase Investment Corporation.
  Denied by firm

  Red Flags for Investors

  Multiple Investor Complaints: The presence of more than one customer dispute can signal potential concerns regarding an advisor’s recommendations or disclosures.
  Settled Claims Relating to Alternative Investments: Hutchens reached a $50,000 settlement over a complaint involving GWG L Bonds—a complex alternative investment product that has drawn regulatory scrutiny and significant investor losses Nationwide.
  Allegations of Breach of Fiduciary Duty and Misrepresentation: While one claim was denied, investors should note patterns or repeated issues in complaint histories.

  What Are GWG L Bonds?

  Many investors may be unfamiliar with GWG Holdings and its investment products, especially GWG L Bonds. As reported, GWG Holdings was an alternative asset manager specializing in purchasing life-insurance policies on the secondary market, funding those purchases through the issuance of L Bonds. The company reportedly raised about $1.6 billion—primarily from individual investors. In 2022, GWG Holdings filed for Chapter 11 bankruptcy, leaving many L Bond investors facing potential financial loss. The Securities and Exchange Commission (SEC) also launched investigations into how these bonds were marketed and sold.

  Fiduciary Duty and Investor Protection

  Financial advisors have a duty to act in their clients’ best interests, recommending suitable products based on individual needs and risk tolerance. Allegations that Darrick Hutchens breached fiduciary duty in selling a variable or high-risk investment like GWG L Bonds signal the importance of understanding both the risks and the appropriateness of these offerings.

  If you invested in GWG L Bonds or were recommended similar high-risk alternative products by Mr. Hutchens or any advisor and suffered losses, you may have options to pursue recovery.

  Steps for Investors: How to Research Any Advisor’s Record

  It’s essential to perform regular due diligence on anyone who manages your investments. Here’s a straightforward process:

  Visit FINRA BrokerCheck and enter an advisor’s name or CRD number for details on licenses, affiliations, and customer dispute history.

• Check the SEC’s EDGAR database for advisory firm filings and disclosure histories.
• Consult state securities regulators or legal research services for any regulatory actions or lawsuits.

Haselkorn & Thibaut – Free, Confidential Consultation

Haselkorn & Thibaut is a national investor protection law firm with 50+ years of combined experience, a 98% success rate, and millions recovered for clients. We operate on a “No Recovery, No Fee” basis. If you or your loved ones have suffered investment losses with Darrick Hutchens, Monon Wealth Management, or as a result of GWG L Bonds or other unsuitable investments, take action now:

• Free Case Review – Our attorneys will assess your situation at no cost and with complete confidentiality.
• No Risk – Pay nothing unless we successfully recover compensation for you.
• Experienced Guidance – We have represented investors in claims nationwide involving unsuitable products, fiduciary breaches, and complex investment losses.

Contact us today at 1-888-885-7162 to discuss your recovery options. The right information and advocacy can make all the difference. If you have concerns about your financial advisor or have experienced losses, don’t wait—let our experienced team guide and support you.

Disclaimer: The information contained in any post on this website is derived from publicly available sources and is not guaranteed as to accuracy and often involves allegations which may or may not be proven at some point in the future. All posts are believed to be accurate as of the time of original posting, but the accuracy and details are subject to and expected to change over time and which may contain opinions of the author at the time posted.