Our firm is investigating Edward Jones financial advisor Robert Lybbert (CRD# 7451138) of Issaquah, Washington for potential investment-related misconduct.
Financial Advisor’s Career History
Robert Lybbert has been registered as an investment adviser representative with Elite Wealth Management, Inc. (CRD# 132122) in Kirkland, Washington from October 2021 through July 2025, and he also reported registrations with Lattice Capital Management LLC (CRD# 141860) in Kirkland, Washington during October 2021 through July 2022 and again from November 2023 through January 2024. He has been registered with Edward Jones (CRD# 250) since July 2025 as an investment adviser representative in Washington and since September 2025 as a general securities representative, working out of the firm’s Issaquah, Washington branch office.
Robert Val Lybbert Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck disclosures reflect five customer disputes reported as pending, all involving “Other: Hedge Fund” as the listed product type and allegations that include fraud, negligence, negligent misrepresentation/omissions, breach of fiduciary duty, and Washington securities-law and consumer-protection claims.
Disclosure summary (as reported on BrokerCheck):
- Customer Dispute (Civil Litigation) — Pending: Allegations include fraud, negligent representation, breach of duty, unlawful trade practices, and negligence; alleged damages: $2,137,533.29; notice served: 10/17/2025; state court in Multnomah County, Oregon (Case 25CV59941).
- Customer Dispute (Civil Litigation) — Pending: Allegations include breach of fiduciary duty, negligence, negligent misrepresentation/omissions, breach of contract, and alleged violations of RCW 21.20.010 and RCW 19.86; alleged damages: $2,000,000.00 (reported as believed to exceed $2,000,000); notice served: 08/08/2025; state court in King County, Washington (Case 25-2-22733-2 SEA).
- Customer Dispute (Arbitration) — Pending: Allegations include breach of fiduciary duty and negligence; alleged damages: $15,000,000.00; notice served: 07/22/2025; filed with JAMS (Docket 5160000962).
- Customer Dispute (Arbitration) — Pending: Allegations include negligence, negligent misrepresentations, Washington securities-law claims, Investment Advisers Act duty-of-care allegations, and alleged unlawful sale of securities; alleged damages: $960,000.00–$962,605.55; notice served: 07/25/2025; filed with JAMS (Docket 5160000959).
- Customer Dispute (Arbitration) — Pending: Allegations include breach of fiduciary duty, fraud, unjust enrichment, and Washington securities-law claims tied to alleged unsuitable recommendations; alleged damages: $1,375,210.00; notice served: 06/12/2025; filed with JAMS (Ref. 5160000924) and referencing alleged losses between August 2024 and April 2025.
Disclosure 1: Oregon Civil Litigation Alleging Fraud and Negligence (Notice Served 10/17/2025)
One pending civil lawsuit alleges fraud, negligent representation, breach of duty, unlawful trade practices, and negligence in connection with a hedge fund investment and seeks $2,137,533.29 in alleged damages. The matter is reported as pending in Oregon state court in Multnomah County (Case 25CV59941).
Disclosure 2: Washington Civil Litigation Alleging Fiduciary and Securities-Law Violations (Notice Served 08/08/2025)
A separate pending Washington state-court matter alleges breach of fiduciary duty, negligence, negligent misrepresentation/omissions, breach of contract, and alleged violations of the Washington State Securities Act (RCW 21.20.010) and the Washington Consumer Protection Act (RCW 19.86) involving a hedge fund. The alleged damages are stated as $2,000,000.00, with an explanation that compensatory damages are believed to exceed $2,000,000 (Case 25-2-22733-2 SEA, King County).
Disclosure 3: JAMS Arbitration Alleging Fiduciary Breach and Negligence (Notice Served 07/22/2025)
A pending JAMS arbitration alleges breach of fiduciary duty and negligence tied to a hedge fund and claims $15,000,000.00 in alleged damages (JAMS Docket 5160000962).
Disclosure 4: JAMS Arbitration Alleging Negligent Misrepresentations and Unlawful Sale Claims (Notice Served 07/25/2025)
Another pending JAMS arbitration alleges negligence and negligent misrepresentations, Washington securities-law claims (including alleged unlawful sale allegations), and references duty-of-care allegations under the Investment Advisers Act. The alleged damages are reported between $960,000.00 and $962,605.55 (JAMS Docket 5160000959).
Disclosure 5: JAMS Arbitration Alleging Unsuitable Hedge Fund Recommendations (Notice Served 06/12/2025)
A further pending JAMS arbitration alleges breach of fiduciary duty, fraud, unjust enrichment, and Washington securities-law violations tied to alleged unsuitable product recommendations, with $1,375,210.00 in alleged damages and an alleged loss window identified as August 2024 through April 2025 (JAMS Ref. 5160000924).
To obtain a copy of Robert Val Lybbert’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) generally requires that a recommendation be consistent with the customer’s investment profile, including objectives, risk tolerance, liquidity needs, and time horizon; where complaints involve hedge funds and alleged “unsuitable” recommendations or losses tied to riskier strategies, the suitability inquiry commonly examines whether the product’s volatility, illiquidity, leverage, and concentration risks matched what the investor could reasonably bear.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is a broad ethical rule that can be implicated when disputes allege fraud, negligent misrepresentation, or omissions, because investors are entitled to fair dealing and truthful communications; when a customer claims they were misled about a hedge fund’s risks, fees, redemption restrictions, or expected performance, the alleged conduct may be evaluated under the obligation to act consistently with high standards of commercial honor.
FINRA Rule 2210 (Communications with the Public) sets standards for broker-dealer communications, including the requirement that communications be fair and balanced and not omit material facts; in matters alleging negligent misrepresentations or omissions regarding hedge fund risks and features, a key question is whether the information provided to the investor accurately described downside risk, liquidity limits, valuation uncertainty, and any conflicts or compensation arrangements that could have influenced the recommendation.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker misconduct and investment fraud. He previously defended major brokerage firms and now uses that insight to protect investors nationwide. To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation.
