ROBERT M DECHICK of DH Hill Securities

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.