Haselkorn & Thibaut Opens Investigation: Steven Kibbel – Former LPL Financial Advisor (Nashville, Tennessee)
If you are an investor who worked with Steven Kibbel (CRD# 6800914), most recently based in Nashville, Tennessee, it’s important to be aware of recent developments involving his registration status and employment history. Haselkorn & Thibaut (investmentfraudlawyers.com) — a national law firm dedicated exclusively to investor protection, with over 50 years of experience and a 98% success rate — has opened an investigation regarding potential investor concerns tied to Mr. Kibbel’s conduct during his time as a registered representative of LPL Financial and subsequent registration with Shorebreak Capital.
Who is Steven Kibbel?
Steven Kibbel is a financial professional who entered the securities industry in 2014. His previously reported broker-dealer association was with LPL Financial, where he was registered until November 2025. According to records from the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC), as of December 2025, he is currently registered as an investment adviser representative with Shorebreak Capital.
Summary Table: Steven Kibbel (Nashville, TN)
| Advisor Name | Advisor’s CRD | Broker-Dealer |
|---|---|---|
| Steven Kibbel | 6800914 | LPL Financial (former) |
Key Facts About Steven Kibbel
- First registered with FINRA in 2014.
- Was with LPL Financial from 2014 to 2025; terminated in November 2025.
- Current registration (as of December 2025): Shorebreak Capital, Nashville, Tennessee.
- Passed SIE, Series 7, and Series 66 qualifying exams.
- Licensed as an investment advisor in Texas.
Why Did LPL Financial Fire Steven Kibbel?
According to LPL Financial’s termination records, Steven Kibbel was dismissed for allegedly engaging in an unapproved outside business activity and for using an unapproved messaging platform to conduct business-related communications.
This is a crucial point for investors to understand. FINRA Rule 3270 is clear: no registered person may engage in outside business activities without the member firm’s prior written approval. Violations of this rule are taken seriously by compliance departments and regulators alike, as outside business activities that are not disclosed can create conflicts of interest and expose investors to additional risk.
Red Flags & What Investors Should Know
- Unapproved Outside Business Activities: Conducting activities or side businesses without a firm’s knowledge or approval may expose clients to risks about which they are unaware.
- Unapproved Communication Channels: Using messaging platforms not sanctioned by the firm can make it difficult for regulators and compliance teams to monitor business activities. Such practices bypass recordkeeping requirements and hurt transparency.
Review of Complaints, Disputes, and Regulatory History
One of the most reassuring findings in Mr. Kibbel’s record is the absence of direct customer complaints, arbitrations, regulatory disciplinary actions, or enforcement proceedings as of December 2025. Below, you’ll find a comprehensive review of his disclosure history:
| Category | Status/Notes |
|---|---|
| Customer Complaints and Arbitrations | No disclosures; no customer-initiated arbitration claims or complaints (e.g., suitability, misrepresentation, forgery). |
| Regulatory Actions | No FINRA or state disciplinary actions; no cease-and-desist orders. |
| SEC Enforcement | No SEC enforcement actions, administrative proceedings, or Wells notices. |
| Civil Lawsuits & Bankruptcies | No civil lawsuits, bankruptcies, tax liens, or civil judgments on record. |
As of this report, Steven Kibbel’s only disclosed issue is the employment separation from LPL Financial for the reasons already described. This absence of additional customer harm or regulatory sanctions is noteworthy — but investors should remain vigilant, as the issues leading to his termination (outside business activity and unapproved communications) are significant under industry rules.
What Does This Mean for Investors?
Discovering that your advisor was terminated for compliance reasons can be concerning. Even in the absence of customer complaints, the violation of firm policy about outside business activities and approved communication channels is a red flag. Such violations may indicate gaps in oversight, potential for undisclosed conflicts of interest, or risks to the security and compliance of sensitive client information.
As an investor, you should ask the following:
- Were you notified of any unapproved outside business activities conducted by your advisor?
- Did you receive communications through unapproved channels?
- Do you have concerns about the investments or strategies recommended to you?
How Can Haselkorn & Thibaut Help You?
Haselkorn & Thibaut is a national law firm with a proven track record representing investors harmed by improper conduct or negligence on the part of financial professionals and investment firms. With a 98% success rate and millions recovered for clients, their team offers both experience and results.
Their investigation into Steven Kibbel is focused on whether any violations of industry laws or standards resulted in financial harm to clients. No recovery, no fee: you will not pay any out-of-pocket legal fees unless compensation is recovered for you.
Next Steps for Investors – Get Your Free Consultation Today
If you worked with Steven Kibbel (formerly with LPL Financial, now at Shorebreak Capital), and you have questions or concerns about your investments, reach out now for a free, confidential consultation. This is a risk-free opportunity to have your accounts and situation reviewed by seasoned securities fraud attorneys.
To discuss your situation or get updates on this ongoing investigation, call Haselkorn & Thibaut at 1-888-885-7162. You can also visit FINRA BrokerCheck for more information on any advisor’s regulatory history.
Your financial security matters. Take this opportunity to protect yourself and get the answers you deserve.
