SEC Bars Kentucky Advisor Serving Jail Sentence for Fraud The settlement between the SEC and Chistoper Hibbard comes several months after he was sentenced to more than eight years in jail for defrauding numerous clients. The Securities and Exchange Commission has barred a Louisville, Ky.-based investment advisor from the securities industry after he was sentenced to more than eight years in prison for fleecing multiple investors out of over $4 million. According to the commission’s settlement offer from April 16, Christopher Lee Hibbard would be barred “from association” with any broker, dealer, investment advisor, and would also be disallowed by acting as a promoter, finder, consultant or anyone who works with brokers for the purposes of issuing or trading any penny stock.