Robert Lybbert, a former Edward Jones broker, is the subject of multiple customer dispute disclosures reported on his FINRA BrokerCheck profile.
According to FINRA BrokerCheck, Lybbert is not currently registered as a broker. His BrokerCheck report lists 10 customer dispute disclosures, including 5 pending customer disputes and 5 final or closed customer disputes. (FINRA BrokerCheck: https://brokercheck.finra.org/individual/summary/7451138)
The reported disputes generally involve hedge fund investments and allegations connected to Elite Wealth Management, Inc. and/or Lattice Capital Management, LLC. The allegations reported in BrokerCheck include breach of fiduciary duty, negligence, negligent misrepresentation, unsuitable investments, failure to act in the customer’s best interest, failure to supervise, breach of contract, fraud, unjust enrichment, and alleged violations of federal and Washington securities laws. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_7451138.pdf)
Pending Customer Disputes Reported by FINRA
FINRA BrokerCheck reports a pending customer dispute served in January 2026 in which claimants seek $52 million in alleged damages relating to hedge fund investments. The allegations include unsuitable investments, failure to act in the claimants’ best interest, misrepresentations and omissions, breach of fiduciary duty, breach of contract, failure to supervise, negligence, control person liability, and alleged violations of federal and Washington securities laws. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_7451138.pdf)
BrokerCheck also reports a consolidated pending JAMS arbitration involving 15 arbitrations and more than 70 claimants seeking approximately $103 million in alleged damages. According to the disclosure, the claimants allege negligence, breach of fiduciary duty, negligent misrepresentation, violations of the Investment Advisers Act of 1940, Washington securities-law claims, fraud, unjust enrichment, breach of contract, and vicarious liability relating to hedge fund investments. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_7451138.pdf)
Other pending disclosures listed in the BrokerCheck report include claims involving alleged damages of $5 million, $1.795 million, more than $1 million, and $6 million, all reported as relating to hedge fund investments. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_7451138.pdf)
Prior Registration History
According to FINRA BrokerCheck, Lybbert was previously registered with Edward Jones from September 2025 to February 2026 in Issaquah, Washington. BrokerCheck also lists employment history with Elite Wealth Management, Inc. / Lattice Capital Management LLC from September 2021 to July 2025. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_7451138.pdf)
Important Note for Investors
The allegations reported in FINRA BrokerCheck are allegations only. Pending customer disputes have not been proven, and final or settled matters may be resolved without any admission or finding of wrongdoing.
However, investors who suffered losses in hedge fund investments, private funds, or alternative investments recommended through Elite Wealth Management, Lattice Capital Management, or a related financial professional may wish to review their account records and speak with an investment loss recovery attorney.
Sonn Law Group represents investors in claims involving unsuitable investments, hedge fund losses, private placement losses, broker misconduct, investment adviser misconduct, and failure-to-supervise claims.
Investors who suffered losses in hedge fund or alternative investments may contact Sonn Law Group to discuss potential recovery options.
