Randall Earl McGill, of Homer Glen, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $65,000.00 in damages based upon allegations that McGill breached his fiduciary duties, made unsuitable recommendations, violated Securities Exchange Act of 1934, violated Regulation Best Interest (Reg BI), and failed to supervise certain representatives in connection with the sale of GWG Holdings Class L bonds when McGill was associated with Ausdal Financial Partners Inc. FINRA Arbitration No. 23-03256 (November 9, 2023).
This is not the first time that McGill has been referenced in a customer initiated investment related dispute concerning McGill’s conduct in the securities industry. FINRA Public Disclosure shows that McGill is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $75,000.00 in damages based upon allegations that McGill made unsuitable investment recommendations, breached his fiduciary duties, and failed to conduct due diligence in connection with the sale of GWG Holdings Class L bonds during the time that McGill was associated with Ausdal Financial Partners Inc. FINRA Arbitration No. 23-02444 (September 7, 2023). The claim also alleged that the securities broker dealer failed to supervise transactions in the customer’s account.
McGill has been associated with Ausdal Financial Partners Inc. in Homer Glen, Illinois since June 9, 2015, as a stockbroker. He was associated with Ausdal Financial Partners Inc. in Davenport, Iowa from June 15, 2015, to October 28, 2022, as an investment advisor representative.
