Eric Dec Allegedly Engaged in Fraud, Violations of Securities Regulations
Eric Dec (CRD #: 2185598), a broker formerly registered with Emerson Equity, is involved in a pending dispute, according to his BrokerCheck record, accessed on April 20, 2023. If you want to know more about his alleged conduct as a broker, read on.
On March 14, 2023, an investor filed a dispute alleging that Eric Dec engaged in the following misconduct:
- Violations of federal securities laws and the Georgia Securities Act
- Unsuitable investment recommendations
- Misrepresentations and omissions of material fact
- Negligence and gross negligence
- Breach of contract
The client seeks $125,000 in damages in this pending dispute.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles describe investors’ financial goals, risk tolerance, and tax status.
Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.
FINRA Rule 2020
FINRA Rule 2020 prohibits the use of deception, manipulation, and other fraudulent means of influencing investors’ decisions. The misrepresentation or omission of material facts violates this rule.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
What are Blue Sky Laws?
Blue sky laws like the Georgia Securities Act are state regulations that provide investors with an additional layer of protection against fraud and define which types of investments must register with the state securities board.
What qualifies as broker negligence?
Many types of broker misconduct may qualify as negligence, including unsuitable investment recommendations, failure to supervise other brokers, and authorized trading.
Investors who have lost money through broker negligence may be able to recover their funds by seeking out FINRA arbitration.
Eric Dec has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
He has also worked for the following firms:
- Emerson Equity (CRD#:130032)
- Sandlapper Securities (CRD#:137906)
- Chatfield Dean & Company (CRD#:14714)
- NationsSecurities (CRD#:32542)
- Dean Witter Reynolds (CRD#:7556)
Kurta Law Can Help
If you worked with Eric Dec and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.