John Hibshman, a registered representative with Lincoln Financial Advisors Corporation, is facing serious allegations from clients who claim he recommended an unsuitable Oil and Gas investment. The disclosure, which was filed on February 16, 2024, and is currently pending resolution, has raised concerns among investors about the potential impact on their portfolios. According to a recent report by Bloomberg, investment fraud cases have been on the rise amid economic uncertainty, highlighting the importance of working with trustworthy financial advisors.
The Seriousness of the Allegation and Its Impact on Investors
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The allegation against John Hibshman is of utmost importance, as it directly affects the trust and confidence investors place in their financial advisors. When a registered representative is accused of recommending an unsuitable investment, it calls into question their ability to act in the best interests of their clients.
Investors who have worked with John Hibshman or have invested in the Oil and Gas sector through Lincoln Financial Advisors Corporation should closely monitor the development of this case. The outcome of the investigation could have significant implications for their investments and may require them to reassess their portfolios. Investors can check John Hibshman’s CRD (Central Registration Depository) record to learn more about his background and any previous disclosures or regulatory actions.
Understanding the Allegation and FINRA Rule
The allegation against John Hibshman revolves around the recommendation of an unsuitable Oil and Gas investment. In simple terms, this means that the investment may not have aligned with the clients’ risk tolerance, financial goals, or investment objectives.
FINRA Rule 2111, known as the “Suitability Rule,” requires financial advisors to have a reasonable basis for believing that a recommended investment or investment strategy is suitable for their client. This rule takes into account the client’s age, financial situation, investment experience, and risk tolerance.
If the investigation finds that John Hibshman violated FINRA Rule 2111, he could face disciplinary action, and investors may be entitled to recover their losses through FINRA Arbitration. Investment fraud attorneys can help investors navigate the complex legal process and fight for their rights.
The Importance for Investors
The allegation against John Hibshman serves as a reminder of the importance of working with a trustworthy and ethical financial advisor. Investors should regularly review their investments and ask questions about the suitability of the products recommended to them.
If investors suspect that their financial advisor has recommended unsuitable investments or engaged in misconduct, they should promptly consult with a qualified investment fraud attorney. Time is of the essence, as there are strict deadlines for filing claims and recovering losses.
Red Flags for Financial Advisor Malpractice and Recovering Losses
Investors should be aware of red flags that may indicate financial advisor malpractice, such as:
- Recommending investments that do not align with the client’s risk tolerance or investment objectives
- Failing to disclose material information about an investment’s risks or fees
- Engaging in excessive trading or unauthorized transactions
If investors believe they have suffered losses due to their financial advisor’s misconduct, they may be able to recover damages through FINRA Arbitration. Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating John Hibshman and Lincoln Financial Advisors Corporation.
With over 50 years of experience and a 98% success rate, Haselkorn & Thibaut has a proven track record of helping investors recover losses. They offer free consultations and work on a contingency basis, meaning there are no fees unless a recovery is made. Investors can contact the firm toll-free at 1-888-885-7162 to discuss their case and explore their legal options.
As the investigation into John Hibshman and Lincoln Financial Advisors Corporation unfolds, investors must remain vigilant and proactive in protecting their rights and interests. By staying informed and seeking the guidance of experienced professionals, investors can navigate this challenging situation and work towards recovering any losses they may have incurred.
