BRIAN DECKER Cause Your Losses?

FINRA Suspends Broker Brian Decker

Soreide Law Group is investigating potential investor lawsuits against barred securities broker Brian Keith Decker [CRD#: 4565524, New York, New York]. Apparently, Decker associated with Worden Capital Management from 2017 to 2018. He also worked for Legend Securities from 2009 to 2016. Notably, FINRA barred the securities broker, and 11 or more investors filed lawsuits or complaints about him. These disclosures suggest that among other things, Decker churned client accounts, misrepresented investment information and committed fraud. Here’s more:

FINRA Issues Suspension To Brian Decker For Failing To Pay Award

Evidently, FINRA issued Letter #: 15-00802 suspending Brian Decker indefinitely on September 18, 2019. Mainly, FINRA contended that Decker failed to comply with FINRA Arbitration Award #: 15-00802 (explained below) in which he and others were found liable for fraud. It appears that the suspension is in place until Decker makes payment or his obligation to do so is discharged.

FINRA Bars Decker For Stonewalling Investigation Into Conversion Of Client Funds

Also, FINRA issued Acceptance, Waiver and Consent (“AWC”) #: 2017055226501 on May 8, 2018 barring Brian Decker. Notably, Decker failed to comply with Rule 8210 because he chose not to provide records to FINRA when it investigated him for potential violations of FINRA rues. It appears that the securities broker may have converted or improperly used investor assets. The AWC’s findings indicate that Decker also refused to testify in FINRA’s investigation. As a result, on May 8, 2018, FINRA barred him in all capacities from maintaining any association with a FINRA member.

Brian Decker Defrauds Legend Securities Client

Evidently, a Legend Securities client filed FINRA Arbitration #: 15-00802 against Brian Decker. First of all, the client contended that Decker failed to comply with his fiduciary responsibility. Decker seemingly failed to place the client’s interests first. Secondly, the securities broker purportedly churned or excessively traded the client’s account to maximize commissions. Thirdly, Decker seems to have defrauded the client and had misrepresented or omitted facts about the client’s investments. Fourthly, the Statement of Claim alleges that Legend Securities did not supervise Decker. It appears that Decker acted negligently and made unauthorized trades in violation of Florida law too. For this reason, on June 25, 2019, a FINRA Arbitration Panel issued required Decker to pay $110,622.95 in compensatory damages, $141,073.76 in interest and $629,241.78 in punitive damages.

Decker Allegedly Churns Legend Securities Client’s Account

Apparently, a second client of Legend Securities contested Brian Decker’s actions in FINRA Arbitration #: 15-00889 filed on April 22, 2016. Allegedly, Decker engaged in deceptive activities. The client contended that the securities broker negligently misrepresented information about stock investments. Also, Decker allegedly breached his fiduciary responsibility, failing to place the client’s interests first. The client also suggested that Decker engaged in excessive trading or churning. For this reason, Legend Securities settled this matter on April 15, 2016 through paying the client $10,000.

Did Securities Broker Brian Decker Sell You Bad Investments?

Have you experienced losses by investing with Brian Decker? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities firms and brokers like Decker.