November 2019 UPDATE -Staten Island
In 95/2018 Decker was permanently barred from the industry by FINRA to resolve allegations that he failed to cooperate with a FINRA investigation.
The Toledo Blade reports that Brian K. Decker was indicted in August 2018 by a Wood County Ohio grand jury on charges of theft from a person in a protected class, telecommunications fraud and two counts of unlawful securities practices. According to a recent report , in September Decker was arrested at JFK Airport in New York and is awaiting extradition to Ohio.
The indictment alleges that Decker received about $376,000 from a client which was supposedly to be invested in construction projects with promises of returns between 12-20%. Those funds were misappropriated according to investigators.
FINRA records disclose that Brian K. Decker, a currently unregistered broker who last worked for Worden Capital Management and Legend Securities, is named in a currently pending customer dispute, has 10 prior customer disputes , a recent regulatory action barring him from the securities industry and 5 outstanding judgment/liens.
In currently pending FINRA Case 15-802, filed by a Florida resident, a customer of Legend Securities alleges that Decker was not licensed to sell securities in Florida, made false statements of material fact, engaged in unauthorized transactions, failed to follow instructions, engaged in churning and stock manipulation and improperly used margin borrowing in the account. The customer is seeking damages of $150,000.
Brian Decker has been named in ten other prior customer disputes, including:
- A July 2015 settlement of $35,000 to a customer of Legend Securities alleging failure to supervise and unsuitable investments.
- FINRA Case 14-2734, by a customer of Legend Securities alleging violation of Colorado securities and consumer protection laws, negligence and common law fraud, settled for $14,999.
- FINRA Case 12-1281, a customer of Legend Securities alleged breach of fiduciary duty, negligent supervision, and fraud settled for $75,000.
Decker was with Worden Capital Management from 4/2017-4/2018 and with Legend Securities 9/2009-11/2016.
In May 2018 Decker was permanently barred from the securities industry by FINRA to resolve allegations that he failed to cooperate with FINRA during an investigation into allegations of conversion. Decker failed to produce requested bank records and failed to appear to provide testimony. FINRA Case 2017055226501.
If you have losses in an account handled by former broker Brian Decker , call for a no charge consultation to learn how you may be able to recover damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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