D.H. Hill Securities, LLLP broker Robert Dechick (CRD# 4152582) faces a half-million-dollar customer complaint for real estate investment losses. He has been registered with D.H. Hill Securities, LLLP in Clermont, Florida, since 2009, and with D.H. Hill Advisors, Inc. in Clermont, Florida, since 2012.
In January 2016, the Florida Office of Financial Regulation ordered him to cease and desist and assessed a $5,000 civil and administrative penalty.
Robert Dechick Customer Complaints
He has been the subject of six customer complaints between 2020 and 2023, one of which was denied, according to his CRD report:
November 2023. “Claimants have been clients since early 2015. Claimants allege misrepresentation, negligence, unsuitable recommendations, and failure to supervise.” The customer sought $50,000 in damages, and the case was settled for $21,000. The complaint was regarding debt-backed assets and real estate security losses, and it took place while he was registered with D.H. Hill Securities, LLLP.
July 2023. “Claimant alleges representative made unsuitable recommendation of a single product in 2014.” The customer sought $20,000 in damages, and the case was settled for $10,000. The complaint was regarding real estate security losses, and it took place while he was registered with D.H. Hill Securities, LLLP.
July 2023. “Claim alleges representative made unsuitable recommendations and overconcentrated in non-liquid investments during time period as clients, 2011 to present.” The customer is seeking $499,000 in damages, and the case is currently pending. The complaint was regarding equipment leasing and real estate security losses, and it took place while he was registered with D.H. Hill Securities, LLLP.
August 2022. “Claimant was a client and made investments between 2016 and 2022. Claim only involves 1 investment. Claimant alleges breach of contract, violation of fraud and state securities statues, claims under common law, and vicarious liability.” The customer sought $50,000 in damages, and the case was settled for $13,500. The complaint was regarding debt-backed assets, and it took place while he was registered with D.H. Hill Securities, LLLP.
December 2020. “Relationship began 2014. Claimants allege negligence, violations of law, unsuitable recommendations, negligent supervision, breach of contract, and breach of fiduciary duty.” The customer sought $75,000 in damages, and the case was settled for $13,500. The complaint was regarding real estate investment trust (REIT) losses, and it took place while he was registered with D.H. Hill Securities, LLLP.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, D.H. Hill Securities, LLLP may be liable for investment or other losses suffered by Robert Dechick’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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