John Raymond Hebner (CRD #3258824) Has Customer Dispute Disclosures on FINRA BrokerCheck

John Raymond Hebner (CRD #3258824) was previously registered as a broker. His FINRA BrokerCheck report includes customer dispute disclosures. We reviewed his BrokerCheck report on February 10, 2026. It reflects 11 customer disputes. If you invested with John Raymond Hebner and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

John Hebner’s FINRA BrokerCheck Report reflects 11 customer dispute disclosures. A summary of two disputes is below:

On December 11, 2025, a customer alleged John Hebner engaged in suitability and negligence issues tied to activity in 2021. FINRA BrokerCheck lists the products as corporate debt and direct investments (DPP & LP interests). The customer sought $225,000 in damages. The matter is pending.

On July 21, 2025, a customer alleged John Hebner engaged in suitability and negligence issues tied to activity in 2020. FINRA BrokerCheck lists the product as corporate debt. The customer sought $99,000 in damages. The matter is pending under FINRA docket number 25-01444.

FINRA BrokerCheck lists 9 additional customer dispute disclosures for Hebner.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 (Suitability) sets suitability standards for recommendations to customers. It requires a reasonable basis for the recommendation and a fit with the customer’s profile.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires members to observe high standards of commercial honor and just and equitable principles of trade. Sales-practice disputes often cite this rule alongside more specific conduct rules.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, John Hebner:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam. John Hebner has also passed Series 7 and Series 63.

Was previously registered with firms that include Moloney Securities Co., Inc. and A. G. Edwards & Sons, Inc.

Kurta Law Can Help

If you have worked with John Hebner and you have concerns about your investments, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts and the investments involved. Contact Kurta Law at 877-600-0098 or email info@kurtalawfirm.com for a free consultation.

Helpful resources: Securities Attorney | What is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.