Robert DeChick Allegedly Over-Concentrated Investments
Robert DeChick (CRD# 4152582), a broker registered with D.H. Hill Securities, misrepresented and recommended unsuitable investments, according to investor disputes. MDF Law is currently investigating the Clemont, Florida financial professional, who does business as Courtland/Walker Financial Group, for similar conduct. Contact us if you have concerns about your investments.
To learn more about Mr. DeChick’s alleged conduct, continue reading. The information in this post can be found in his BrokerCheck profile, a Financial Industry Regulatory Authority record accessed on December 27, 2023.
Pending Dispute Seeks 6-Figure Damages
Between July and November 2023, two parties of investors filed disputes involving Mr. DeChick that remain pending. The disputes allege that he misrepresented investments he recommended, was negligent in his duties, recommended unsuitable investments in real estate and other products, and over-concentrated customers’ accounts in illiquid investments. The disputes, which remain pending, seek $549,000 in damages.
D.H. Hill Denies Allegations
D.H. Hill Securities issued statements denying “all allegations of wrongdoing” in the above-described pending disputes. According to Mr. DeChick’s BrokerCheck record, the statement asserts that the investments “were completely suitable based on information provided by the client,” and that “the material risks and features of the investments were fully and accurately disclosed.”
Past Disputes Involved REITs
The above-described pending disputes are not the only ones in Mr. DeChick’s professional history. Between 2020 and 2023, three parties of investors lodged disputes that his member firm settled. These claims included allegations that he recommended unsuitable investments, breached contract, committed fraud, acted negligent in his supervisory duties, and breached his fiduciary duty. They concerned investments in asset-backed debt and real estate investment trusts. His member firm settled the disputes for $13,500.
Robert DeChick Works at Courtland/Walker Financial
As his BrokerCheck profile describes, Mr. DeChick does business as Courtland/Walker Financial Group. According to the firm’s website, it is “a full-service financial firm, committed to helping people achieve their financial goals.” Offering securities and advisory services through D.H. Hill, its customers include individuals, retirees, and business owners. “We offer a honest communication and sound financial information that allows you to better identify your goals and make solid financial decisions,” its “Our Firm” page reads. “That’s why our team of experienced financial planners works closely with each client to develop comprehensive financial plans that fit each unique situation.”
FINRA: DeChick Based in Clemont, Florida
Robert DeChick launched his career as a broker in 2000. That year, he joined Southern Farm Bureau Fund Distributor in Jackson, Mississippi. He remained at the firm until 2008, when he joined Broker Dealer Financial Services Corporation, which he left in 2009 for D.H. Hill’s office in Clemont, Florida. With 17 years of experience as a broker, he has completed four industry exams and does business as Courtland/Walker Financial Group.
Losses? You May Have Recovery Options
If you have complaints regarding REITs or other investments recommended by Robert DeChick, contact MDF Law for a free consultation. Our seasoned investment fraud attorneys take cases on contingency, which means we only collect a fee when clients win their case. You may have limited time to file a claim, so please call us today at 800-767-8040.