Haselkorn & Thibaut is conducting an independent investigation regarding Randy Heller (CRD# 1209975), an investment advisor most recently registered with Ausdal Financial Partners in Oak Lawn, Illinois. Our firm is dedicated to helping investors nationwide who may have been impacted by potential issues involving their financial advisors and are currently reviewing client experiences associated with Randy Heller and investment products he may have recommended.
Who is Randy Heller of Oak Lawn, Illinois?
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Randy Heller boasts over three decades of experience in the securities industry, serving numerous clients across Illinois and beyond. Most recently, he was registered as a broker with Ausdal Financial Partners from 2023 to 2024. Prior to that, his registration history included established firms such as KCD Financial, Waterstone Financial Group, Waddell & Reed (two separate periods), Fortis Investors, Pruco Securities, and MetLife Securities.
| Key Advisor Information | Details |
|---|---|
| Name | Randy Heller |
| CRD Number | 1209975 |
| Location | Oak Lawn, Illinois |
| Most Recent Firm | Ausdal Financial Partners |
| Prior Firms | KCD Financial, Waterstone Financial Group, Waddell & Reed, Fortis Investors, Pruco Securities, MetLife Securities |
| Licenses & Exams | Series 6, 7, 22, 63, 65, SIE |
| Status | No longer registered, barred by FINRA |
Recent Regulatory Concerns Regarding Randy Heller
Red flags have emerged for investors who worked with Randy Heller during and prior to his time at Ausdal Financial Partners. Regulatory records and investigation summaries point to a series of disciplinary disclosures and concerning events:
- FINRA Bar: In 2024, FINRA barred Mr. Heller after he refused to provide requested documents and information during an investigation into allegations that he had impersonated clients in phone calls. Due to his refusal to cooperate, he is now indefinitely barred from associating with any FINRA member firm.
- Voluntary Resignation: BrokerCheck records indicate that Randy Heller voluntarily resigned from Ausdal Financial Partners in 2023 after firm management raised allegations of client impersonation.
- Investor Complaint: In 2015, an investor alleged that while at KCD Financial, Mr. Heller recommended an unsuitable real estate investment trust. This complaint was settled in 2017 for $15,000.
Other Notable Industry Activity
Of additional note, Randy Heller’s name appears on regulatory filings for Inspired Healthcare Capital, a senior living development company that filed for bankruptcy after raising investor money through private placements. According to public reports, Inspired Healthcare Capital sold alternative investments via a national network of broker-dealers and advisors. Questions have been raised regarding investor losses and whether proper due diligence and investment suitability requirements were followed.
Summary of Reported Disclosures and Complaints
| Date | Type | Details | Status/Outcome |
|---|---|---|---|
| 2024 | Regulatory (FINRA) | Refusal to provide information during investigation into client impersonation allegations | Barred from industry |
| 2023 | Employment Separation | Voluntarily resigned from Ausdal Financial Partners after allegation of client impersonation | Resigned |
| 2015 | Customer Complaint | Alleged unsuitable REIT recommendation at KCD Financial | Settled for $15,000 in 2017 |
If you wish to research Randy Heller’s full FINRA record, you can access it directly through FINRA BrokerCheck.
What Should Investors Do?
Navigating investment-related concerns can feel overwhelming. If you worked with Randy Heller at Ausdal Financial Partners or any prior firm, and have questions about your investments or account activity, you do not need to face them alone.
Key Steps to Consider:
- Closely review your account statements, particularly for alternative or private placement investments.
- Look for any unexpected losses, ceased payouts, or hard-to-value investments.
- Contact Haselkorn & Thibaut for a confidential review if you believe you may have suffered losses or received unsuitable investment recommendations.
How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut (investmentfraudlawyers.com) is a national law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients. Our team understands the nuances of complex investment cases and is currently investigating concerns related to Randy Heller and Ausdal Financial Partners.
The firm operates strictly on a no recovery, no fee basis. That means you pay nothing unless we help you recover your investment losses.
Call for a Free Consultation
If you or a loved one invested with Randy Heller of Ausdal Financial Partners in Oak Lawn, Illinois or any previous broker-dealer and suffered losses, our attorneys are here to help.
Call Haselkorn & Thibaut now at 1-888-885-7162 for a free, confidential consultation.
Taking action now can help protect your rights and explore recovery options tailored to your unique situation.
