Randy Birkinbine Facing Investor Suitability Disputes

Broker Randy Birkinbine Is Involved In Investor Dispute Alleging Unsuitable Transactions

Investors continue to come forward in dispute of securities broker Randy Lee Birkinbine (CRD#: 2008599, North Oaks, Minnesota). Namely, Birkinbine, who presently works as a broker and financial planner of Ausdal Financial Partners, discloses four investor disputes. Notably, his clients allege that he committed sales practice violations leading them to sustain losses or damages. Here’s more on what these investors voice in their disputes.

Client Of Ausdal Financial Partners Alleges That Randy Birkinbine Sold Unsuitable Investments

Randy Birkinbine’s BrokerCheck Report shows that a client complained about him in September 2020. Particularly, the client suggested that the securities broker sold unsuitable investments and of causing an overconcentration of their account in certain investments. Because of Birkinbine, the client supposedly experienced $109,000 in damages. This matter is ongoing.

Birkinbine Supposedly Recommends Bad Private Placement To Client

Also, an Ausdal Financial Partners client took issue with Randy Birkinbine as evidenced through a February 2018 dispute. In particular, they alleged that Birkinbine failed to tell them significant information in regard to private placements. It seems that the client needed liquidity but invested in a private placement that did not allow them to receive their assets. Supposedly, the client did not know that they would not receive a return on their investment. For this reason, the client demands $150,000. This matter awaits a resolution.

Former Disputes About Randy Birkinbine

Evidently, an Invest Financial Corporation client disputed Randy Birkinbine’s representation regarding an insurance product. It appears that Birkinbine may have told them that they would get seven percent guaranteed appreciation. Because of this, the firm settled through making a $25,847 payment to the client.
And in the fourth dispute reported on Birkinbine’s BrokerCheck Report, a client claimed that there was no due diligence performed by Workman Securities Corporation in regard to Quest Energy Management senior preferred notes which defaulted following the client’s purchase. Evidently, the client received $35,000 in a settlement.

Losses From Investing Through Securities Broker Randy Birkinbine?

Apparently, Randy Birkinbine denies accusations of his sales practice violations. Have you incurred losses by investing with him? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a potential recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have experienced losses because of their securities brokers and financial advisors.