ROBERT M DECHICK (ROBERT MICHAEL DECHICK) is currently registered, since 2012, with D.H. HILL SECURITIES, LLLP of Clemont, Florida. Soreide Law Group is currently investigating claims of alleged sales of GWG L Bonds to clients.
In April of 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy. GWG had issued $1.6B of life settlement-backed bonds to investors. Millions of dollars are owed to L Bond investors. The redemption payments were suspended. Many investors, many elderly and retired, were oftentimes not made aware of the true nature of this risky product.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ROBERT M DECHICK, has been in the securities industry for 18 years and was listed with 4 firms. DECHICK has 7 disclosures on his FINRA CRD report, 6 are “Customer Disputes,” 5 have settled and 1 was denied. The significance of DECHICK’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words ROBERT M DECHICK’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. DECHICK has denied the allegations.
There is also a “Regulatory” disclosure listed from 2016, on ROBERT M DECHICK’s FINRA report initiated by the Florida Office of Financial Regulation. He was fined $5,000.00.
On ROBERT M DECHICK’s BrokerCheck report, of the customer complaints that have settled, some of the allegations were, “Claimants allege negligence, violations of law, unsuitable recommendations, negligent supervision, breach of contract, and breach of fiduciary duty, Claim alleges representative made unsuitable recommendations and over-concentrated in non-liquid investments during time period as clients, 2011 to present, and Claimant alleges representative made unsuitable recommendation of a single product in 2014.” All settled disputes were awarded monetary damages.
Soreide Law Group is currently handling several GWG L Bond loss cases due to various broker/dealers. Contact the Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost regarding these or any other broker/dealer related issues at: 888-760-6552.
Soreide Law Group represents our clients nationally before FINRA on a contingency fee basis, no fee to you if no recovery.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com