Christopher Robert Hickman (Christopher Hickman) – Financial Advisor/Broker Christopher Hickman Previously Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Richard Crockett was a previously registered financial advisor with Cetera Advisors LLC. According to FINRA, Richard Crockett was fined $5,000 and suspended from the securities industry for five months in June 2017.
According to FINRA Allegations:
Christopher Hickman consented to the sanctions and to the entry of findings that he engaged in an unsuitable pattern of short-term trading of unit investment trusts (UITs) in six customer accounts. The findings stated that Christopher Hickman repeatedly recommended that the customers purchase UITs and then sell these products within a year of purchase. The UITs that Christopher Hickman recommended had maturity dates of 24 months or longer and carried sales charges of up to 3.95%, Nevertheless, on dozens of occasions, Christopher Hickman recommended that his customers sell their UIT positions less than a year after purchase. Indeed, the average holding period for the UITs purchased in these six customers’ accounts was just 136 days. In addition, on several occasions, Christopher Hickman recommended that his customers use the proceeds from the short-term sale of a UIT to purchase another UIT with similar or even identical investment objectives. As a result of these transactions, the six customers at issue suffered losses of approximately $115,989.75.
Customer Disputes Filed Involving Christopher Hickman
According to Christopher Hickman’s BrokerCheck Report, two customer disputes alleging sales practice violations against Christopher Hickman are currently pending. These customer disputes allege negligence, common law fraud and misrepresentations among other allegations. One of these pending customer disputes seeks $1,000,000 in damages.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Christopher Hickman and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Richard Crockett’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Christopher Hickman and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 3/2/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
Christopher Hickman, Financial Advisor, Broker, Fraud, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Christopher Hickman