Soreide Law Group has new information to share with you in regard to securities broker Christopher Thomas Hildebrandt (CRD#: 1318476, Cape May Court House, New Jersey). Namely, the securities broker, who worked for securities firm Principal Securities Inc. from March 2003 to November 2018, reports five investor disputes alleging sales practice violations. Not only that, but Principal Securities purportedly disaffiliated with Hildebrandt for misconduct. Here’s what shows on BrokerCheck as it relates to this securities broker.
Evidently, a client of Principal Securities took issue with Christopher Hildebrandt’s real estate security advice. In the April 5, 2021 complaint, the securities broker is accused of recommending these investments to the client and this resulted in damages. However, Principal Securities denied this client’s dispute in April 2021.
Specifically, on August 21, 2020, FINRA issued Christopher Hildebrandt sanctions including a four-month suspension as securities broker and a $5,000 fine. This is to settle the regulator’s allegations of Hildebrandt altering documents and falsifying them through reusing client signatures. It appears that transactions were authorized by clients but that did not justify his reuse of their signatures. Evidently, the securities broker satisfied this suspension between September 7, 2020 and January 6, 2021. Principal Securities disaffiliated with Hildebrandt in October 2018. According to the securities firm, he made unauthorized transactions.
Evidently, a trustee filed a dispute about Christopher Hildebrandt’s actions at Principal Securities. Allegedly, the securities broker misused funds and made unauthorized transactions. The client purportedly incurred damages through transactions involving stock and a variable annuity. For this reason, Principal Securities opted to pay the client $15,094 in a December 2019 settlement.
Additionally, Christopher Hildebrandt’s sales practices are the focus of a December 2017 dispute from a Principal Securities client. Namely, the client alleged that the securities broker misrepresented investments in the client’s IRA. It appears that this client’s dispute settled through Principal Securities making a $7,414 payment to them.
A client of Princor Financial Services Corp disputed Christopher Hildebrandt’s actions. Specifically, Hildebrandt is accused of misrepresenting a variable annuity and 529 futures. The client’s complaint has been denied by the securities firm though.
Did Christopher Hildebrandt cause you to experience investment losses or damages? If so, call Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for many investors throughout the United States who incurred damages because of their financial advisors or securities brokers. Please note: Hildebrandt denies all allegations of his sales practice violations.
CONTACT US
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: GREAT POINT CAPITAL, LLC, (GREAT POINT) and their former registered representative, SUSAN JANE GITT (SUSAN J GITT, SUSAN JANE SCHULTZ) (Respondents). The Claimants are retired and live in Florida. The lawsuit states that the Claimants were looking for conservative income-generating […]
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
Phone:
Fax: 1-954-760-6553
Email: [email protected]