Stephen Hlibok Tied To Merrill Lynch Investor Arbitration Claim About Unauthorized Trading

Investors potentially incurred losses because of securities broker Stephen Charles Newell Hlibok (also known as Stephen Hlibok and Steve Hlibok) [CRD: 1728900, Columbia, Maryland], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hlibok worked for Merrill Lynch Pierce Fenner Smith Incorporated from September 25, 1987, to the present as a broker, and from November 14, 1990, to the present as a financial advisor. Investors are encouraged to continue reading to find out more about disclosures involving this securities broker.

Merrill Lynch Investor Accused Steve Hlibok Of Unauthorized Trading

Particularly, on December 8, 2025, a Merrill Lynch Pierce Fenner Smith Incorporated client filed FINRA Arbitration No. 25-02703 about Stephen Hlibok. Primarily, the client alleged that Hlibok engaged in unauthorized trading. Because of this, the client allegedly incurred damages. Consequently, the client requested $500,000 in compensation from Merrill Lynch Pierce Fenner Smith Incorporated or Hlibok. BrokerCheck shows that this arbitration is pending a resolution.

Stephen Hlibok Disclosed Unsuitable Recommendations Allegations By Merrill Lynch Client

Notably, a client of Merrill Lynch Pierce Fenner Smith Inc contested Hlibok’s sales practices, according to a complaint dated July 8, 2003. Allegedly, Hlibok made unsuitable recommendations. It appears that Hlibok allegedly caused the client to sustain damages relating to over-the-counter equities. As a result, the client sought compensation from Merrill Lynch Pierce Fenner Smith Inc or Hlibok in the amount of $582,000 in this matter. This complaint was denied on August 11, 2003.

Did You Invest Through Securities Broker / Financial Advisor Steve Hlibok?

Do you need clarity on any investment losses relating to Stephen Hlibok? You should contact Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the US. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. Hlibok and brokerage firms Hlibok worked for deny any allegations of sales practice violations.