Michael J. Hebner, a stockbroker with IFS Securities, is subject to a pending customer dispute from May 3, 2014, in which customers have requested $500,000.00 in damages after alleging that Hebner made unsuitable investment recommendations, and engaged in unauthorized transactions in the customers’ accounts.
Hebner has been the subject of five customer initiated investment related complaints or arbitrations, and was terminated by his prior employer. Most recently, according to FINRA Public Disclosure Records, Hebner became subject to a customer dispute on May 6, 2015, in which the customer requested $70,000.00 in damages after alleging that securities purchased for the customer were not suitable, and that Hebner engaged in the unauthorized trading in the customer’s account. On May 23, 2013, Hebner settled a customer dispute for $40,000.00 after the customer alleged that Hebner failed to diversity the customer’s investment account, and engaged in unsuitable trading.
Guiliano Law Group
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