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Eric Dec: Did Ex-Emerson Equity Advisor Commit Fraud?
Former San Mateo financial advisor Eric Dec (CRD# 2185598) is involved in an investor complaint alleging he engaged in conduct that resulted in damages exceeding $100,000. Records maintained by the Financial Industry Regulatory Authority show that he was most recently registered as a broker with Emerson Equity.
Mr. Dec’s BrokerCheck report discloses one investor complaint. Filed in March 2023, it alleges violations of securities law, fraud, violations of the Georgia Securities Act, unsuitable investment recommendations, misrepresentations and omissions of material facts, breach of contract, negligence, gross negligence, common law fraud, and breach of fiduciary duty in connection with corporate bond investments. The pending complaint alleges damages of $125,000.
Investors should be aware that the fiduciary standard requires financial advisors like Mr. Dec to place their clients’ interests above their own, make full disclosures regarding any conflicts of interest, and operate in good faith and with loyalty to the customer. This is similar to but distinct from the suitability standard that requires brokers to recommend only investments that are appropriate for their client’s background and objectives. Representatives who breach their fiduciary duty may be held liable for damages and/or subject to disciplinary action by FINRA, the SEC, or state securities regulators.
According to the Financial Industry Regulatory Authority, Eric Dec holds five years of securities industry experience. Most recently based in San Mateo, California, he was registered with Emerson Equity from 2018 until 2021. His previous registrations include Sandlapper Securities (Greenville, South Carolina; 2017), Chatfield Dean & Company (1995), NationsSecurities (1993-1994), and Dean Witter Reynolds (1991-1993). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is currently not registered as a broker or an investment advisor. (Information current as of May 3, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.