Randall Alan Heller (also known as Randy Heller), of Oak Lawn, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Heller refused to cooperate with a FINRA investigation about the reason his stockbroker registration was terminated by Ausdal Financial Partners Inc. Letter of Acceptance, Waiver, and Consent No. 2024080870801 (April 1, 2024).
FINRA’s regulatory action followed the filing of a Uniform Termination Notice for Securities Industry Registration (Form U5) by Ausdal Financial Partners, which included allegations of Heller impersonating customers over phone calls. When questioned, Heller admitted to impersonating customers and told the firm that he would be retiring.
Despite receiving a request from FINRA on March 22, 2024, Heller failed to produce the requested documents and information, a direct violation of FINRA Rules 8210 and 2010.
FINRA Public Disclosure shows that Heller is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Heller made unsuitable investment recommendations in real estate investment trusts when Heller was associated with KCD Financial Inc. FINRA Arbitration No. 15-01069 (January 27, 2017).
Heller was associated with Ausdal Financial Partners Inc. in Oak Lawn, Illinois from January 3, 2023, to January 2, 2024. He was also associated with KCD Financial Inc. in Oak Lawn, Illinois from March 23, 2005, to January 10, 2023.
