Category Archives: D.H. Hill Securities

Phillip Johnson- Former SunTrust Investments Services Broker- Discloses 4 Regulatory Events, 2 Customer Disputes and a Termination- Kingwood, TX

April  2019 – Kingwood, TX

According to publicly available records  Phillip Andrew Johnson (CRD# 501352) ,  a  former stockbroker who was last  employed by D.H. Hills Securities,  disclose 4 regulatory events, 2 prior customer disputes and a termination.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 9/2018 Johnson was permanently barred from the securities industry by FINRA for failing to respond to a FINRA request for information in connection with an investigation into an alleged loan of over $500,000 Johnson made from a customer of SunTrust Investment Services.  According to FINRA Johnson made an inaccurate statement on the firm compliance questionnaire related to borrowing from a firm customer.

Johnson had previously been sanctioned for borrowing from a firm customer without the approval of his firm in 2015.

In 5/2017, a customer of Suntrust Investment Services, Inc., was paid a settlement of $525,000 to resolve allegations that Johnson induced her to liquidate a $540,000 annuity and invest in real estate with him and to make him a personal loan.

Johnson was employed with Suntrust Investment Services, Inc. from February 2003 until May 2015 when he was allowed to resign after the firm learned that Johnson had borrowed from a customer.

Johnson was  employed with D.H. Hill Securities from April 2016 until December 2017.

If you have losses in an account handled by Phillip Andrew Johnson, contact us for a no charge consultation to learn how you may be entitled to recover damages through FINRA arbitration.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Charles  Stevens-D.H. Hill Securities Broker-Discloses Pending Customer Suits-St. Augustine, FL

July 2018-St. Augustine, Florida

The FINRA records of  Charles T. Stevens,  a  stock broker who is currently employed by D,H. Hill Securities ,  disclose 2 currently pending customer disputes and 5 outstanding IRS judgement/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case 17-3348 a customer of D.H. Hill Securities seeks damages of $150,000 and alleges that Stevens made  unsuitable recommendations to invest in real estate investment trusts (REITs) and business development companies (BDCs). The claim alleges that D.H. Hill failed to supervise Stevens.

In FINRA Case 17-2154  a customer of D.H. Hill alleges that Stevens made  unsuitable recommendations, was negligent and breached his fiduciary duty in connection with investments in REITs and BDCs. Damages are not specified.

Stevens discloses five currently outstanding liens, which total over $500,000, in favor of the Internal Revenue Service. The liens are filed in the St. Johns County Clerk’s office.

Stevens has been employed with D.H. Hill Securities since 6/2006 and operates St. John’s Financial Planning.

If you have losses in an account handled or supervised by Charles  Stevens call for a no charge consultation to discuss your legal options for recovery.

D.H. Hill Securities

D.H. Hill Securities is based in Kingwood, Texas, and was formed in 1996. The company has branch offices in Texas, Florida and other states.  Danny Harold Hill serves as chief compliance officer and municipal partner.

In 2016 FINRA sanctioned D.H. Hill Securities with a censure and fine of $30,000 to resolve allegations that the company had inadequate supervisory procedures related to the sale of a REIT offering. FINRA Case 2014040082301.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert M. Dechick-D.H. Hill Securities Broker-Discloses Regulatory Sanction-Clermont, FL

June 2017- Clermont, Florida

According to publicly available records Robert M. Dechick  (CRD#4152582) ,  a  stockbroker who currently is employed by  D.H. Hill Securities,   discloses  a recent regulatory event.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 1/2016 Dechick entered into an agreement with Florida securities regulators to resolve allegations that he provided consolidated statements to customers of D.H.Hill Securities without the required disclosure for their real estate investment trusts (REITs). Dechick paid the Florida Office of Financial Regulation a fine of $5,500 and he agreed to a cease and desist.

Robert M. Dechick  has been employed by D.H. Hill Securities 11/2009. His prior employment includes Broker Dealer Financial Services and Southern Farm Bureau. .

If you have questions about an account handled by Robert M. Dechick  contact us to discuss your options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Brian A. Hagen-D.H.Hill Securities Broker-Discloses Employment Separation-Montgomery, TX

June 2017- Montgomery , Texas

According to publicly available records Brian Alan Hagen  (CRD#5189815) ,  a  stockbroker who currently is employed by  D.H. Hill Securities,   discloses  a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 8/2016 Hagen was permitted to resign from his former employer ProEquities Inc. who alleged that Hagen had signed client names on four documents, including two Investment Policy Statements and two Board Resolutions for two 401K clients without permission.

Brian A. Hagen  has been employed by D.H. Hill Securities since  8/2016. Hagen discloses a business affiliation with Gallant Financial of Montgomery, TX.

If you have losses  in an account handled by Brian A. Hagen  contact us to discuss your legal options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

How to Recover Losses on Payson Petroleum Investments

November 2016 -Dallas, Texas

Matthew Carl Griffin and his brother William Daniel Griffin were named in a civil action filed by the Securities and Exchange Commission (SEC) charging them with fraudulently offering interests through their company Payson Petroleum, Inc. , in two Texas partnerships.

The SEC alleges that in 2013-2014 the Griffins raised $23 million from about 150 investors for the purpose of developing 3 oil and gas wells. The Griffins are accused of misleading investors about Payson’s participation and compensation in the program.

According the to the SEC Payson was to contribute over $5 million up front to cover 20% of the cost and Payson would cover any cost overages beyond $24 million in completing the wells in the two partnerships. However, the SEC alleges that Payson contributed no money to the offering and and lacked the financial means to pay even the smallest cost overage.

The Griffins have agreed to an injunction, disgorgement and penalty, in an amount yet to be determined.

SEC Litigation Release No 23694

SEC records indicate that Payson Petroleum has offered a number of private placement limited partnerships in recent years, including:

  • Payson Development Drilling Fund 2014 II
  • Payson Drilling Fund 2015
  • Payson Drilling Fund 2015 II
  • Payson North Texas Multi-Well I
  • Payson Petroleum 3 Well 2014
  • Payson Petroleum Crowe 1

William D. Griffin’s FINRA records indicate that he was employed by D.H. Hill Securities, a Kingwood Texas based broker dealer, from 2/2016-10/2016.

Financial advisors recommending alternative investments such as oil and gas limited partnerships have a duty to disclose the risks associated with such investments. Furthermore financial advisors are required to make recommendations that are suitable , taking into account the investor’s age, level of financial sophistication, investment objectives and ability to withstand risk.

If you suffered losses in a Payson Petroleum limited partnership investment that was made on the recommendation of your financial advisor, you may be able to recover damages if that recommendation was unsuitable or if the investment was misrepresented to you.

Contact us for a no charge consultation.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870