Investigation of Former Florida Broker Christopher Hellman

Former Merrill Lynch Representative Christopher Hellman is Accused of Selling Away

The Sonn Law Group is currently investigating claims involving former Florida broker Christopher Hellman. If you or your loved one lost money working with Mr. Hellman, we want to speak to you. Please contact us today at 866–827–3202 for a free initial consultation.

Christopher Hellman (CRD#: 6584084) is a former broker and investment advisor. From the fall of 2016 to the fall of 2018, Mr. Hellman was associated with Merrill Lynch in Boca Raton, FL. Before that, he was also a broker for FMSBonds in North Miami Beach (2016).

In September of 2018, this broker was terminated by his brokerage firm following allegations of improper ‘selling away’ and other undisclosed outside business transactions. Subsequently, he was barred by FINRA for refusing to provide information that was requested by investigators.

Barred Broker: Christopher Hellman Formerly of Merrill Lynch

Under FINRA Rule 3280, registered representatives must get permission before engaging in private securities transactions. When brokers improperly sell away from their firm, investors are placed at considerable risk.

Notably, three customer complaints have been filed against former Merrill Lynch broker Christopher Hellman regarding these private securities transactions. The first claim was settled for more than $400,000 in compensation. The other two complaints are still listed as ‘pending’ by FINRA. One investor is seeking $155,000 in damages and the other is seeking $187,672.90 in damages.

While FINRA also initiated its own investigation into the allegations against Mr. Hellman, he knowingly refused to cooperate. As a result, he has now been permanently barred from the securities industry.

Jeffrey R. Sonn is an investment fraud lawyer with three decades of experience. If you suffered losses after investing with Christopher Hellman at Merrill Lynch, we are here to help. Please contact us right away for a free, no obligation consultation.