Advisor Alert: Our Attorneys Are Investigating Randy Lee Birkinbine For Investment Fraud
Did You Lose Money Because of Randy Birkinbine?
Filed: February 27, 2024
Randy Birkinbine currently has one (1) pending customer complaint and five (5) pending judgment/lien events. Overall, he has been the subject of six (6) customer complaints, one (1) termination event, and five (5) judgment lien events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Randy Lee Birkinbine.
Who Is Randy Lee Birkinbine of Ausdal Financial Partners, Inc.?
- Advisor Name: Randy Lee Birkinbine
- Aliases: Randy Birkinbine
- CRD: 2008599
- Location: North Oaks, Minnesota
- Current Employer: Ausdal Financial Partners, Inc.
- Previous Firms: Workman Securities Corporation, Invest Financial Corporation, and FSC Securities Corporation
- Number of Known Customer Complaints: 6
- Number of Known Termination Events: 1
- Number of Known Judgment/Lien Events: 5
- Can Randy Birkinbine Be Sued: Yes, in Private Arbitration
- Can Randy Birkinbine’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $150,000
- Highest Settlement: $55,000
If you have suffered investment losses by Randy Birkinbine, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Randy Birkinbine For Broker Misconduct
As of this publication date, Randy Birkinbine has been the subject of 6 customer disputes, 1 termination event, and 5 judgment/lien events. Let’s review them below.
In January 2024, a FINRA arbitration was filed against or in reference to Randy Birkinbine by a customer of Ausdal Financial Partners, Inc. alleging suitability, breach of fiduciary duty, negligence, and violation of Reg BI. Per the customer, he/she lost over $85,000 because of Mr. Birkinbine’s actions. As of this publication date, this claim remains pending.
In October 2021, a FINRA arbitration was filed against or in reference to Randy Birkinbine by a customer of Ausdal Financial Partners, Inc. alleging breach of fiduciary duty, failure to conduct adequate due diligence, unsuitable investments, and failure to supervise. Per the customer, he/she lost over $100,000 because of Mr. Birkinbine’s actions. On August 10, 2023, Mr. Birkinbine settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Birkinbine’s employer and/or insurance carrier.
In September 2020, a FINRA arbitration was filed against or in reference to Randy Birkinbine by a customer of Ausdal Financial Partners, Inc. alleging unsuitable investments and concentration in illiquid investments. Per the customer, he/she lost over $109,000 because of Mr. Birkinbine’s actions. On December 8, 2021, Mr. Birkinbine settled the claim for $55,000, and some or all of this amount may have been paid by Mr. Birkinbine’s employer and/or insurance carrier.
In March 2019, Randy Birkinbine was the subject of a civil judgment or lien in the amount of $3,467.25. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In February 2018, a complaint was filed against or in reference to Randy Birkinbine by a customer of Ausdal Financial Partners, Inc. alleging that recommended private placements in January 2012 and November 2013 were not fully explained. Furthermore, the client alleges that he is now unable to access his investments and has learned he will receive back less than he invested. Per the customer, he lost over $150,000 because of Mr. Birkinbine’s actions.
In February 2017, Randy Birkinbine was the subject of a civil judgment or lien in the amount of $31,318. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In December 2013, Randy Birkinbine was the subject of a civil judgment or lien in the amount of $43,725. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2013, a complaint was filed against or in reference to Randy Birkinbine by a customer of Invest Financial Corporation alleging that the client was to receive 7% annum guaranteed appreciation. Per the customer, she lost over $25,847.54 because of Mr. Birkinbine’s actions. On June 17, 2014, Mr. Birkinbine settled the claim for $25,847.54, and some or all of this amount may have been paid by Mr. Birkinbine’s employer and/or insurance carrier.
In July 2013, a FINRA arbitration was filed against or in reference to Randy Birkinbine by multiple customers of Workman Securities Corporation alleging that the clients purchased senior preferred notes in quest energy management through Mr. Birkinbine. The loans defaulted, as a result of being taken into a receivership . The client alleges that Workman Securities did not perform due diligence on the product. They allege that this lack of due diligence is the reason for their losses. Per the customers, they lost over $137,000 because of Mr. Birkinbine’s actions. On January 15, 2015, Mr. Birkinbine settled the claim for $35,000.
In May 2013, Randy Birkinbine was the subject of a civil judgment or lien in the amount of $131,595.75. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In December 2009, Randy Birkinbine was the subject of a civil judgment or lien in the amount of $51,670. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In May 2007, Invest Financial Corporation terminated Randy Birkinbine for violation of firm policy in regard to multiple, incomplete new account or transaction documents signed by clients.
How To File A Claim Against Randy Birkinbine of Ausdal Financial Partners, Inc. (previously with Workman Securities Corporation, Invest Financial Corporation, and FSC Securities Corporation) To Get Your Money Back
If you have questions about Randy Birkinbine, Ausdal Financial Partners, Inc., Workman Securities Corporation, Invest Financial Corporation, FSC Securities Corporation, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.