Ausdal Financial Partners

Broker David Smith in Ausdal Financial Partners, INC. Firm Has Customer Complaint

April 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Smith (Smith), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Smith recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $3,870,000.00 on February 13, 2025.

Breach of Fiduciary Duty, Negligence and Reg BI, Failure to supervise.

Broker Travis Wolfe in Ausdal Financial Partners, Inc. Firm Has Customer Complaint

March 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Travis Wolfe (Wolfe), currently associated with Ausdal Financial Partners, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Wolfe recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $400,000.00 on November 19, 2024.

Customer alleges Violation of Federal Securities laws; Violation of IL consmer fraud and deceptive business practices act; Violation of IL securities laws; Breach of contract; Common law fraud; Breach of fiduciary duty; Negligence and Gross negligence.

Broker Wilfredo Miranda in Ausdal Financial Partners, Inc. Firm Has Customer Complaint

March 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Wilfredo Miranda (Miranda), currently associated with Ausdal Financial Partners, Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Miranda recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $155,000.00 on October 25, 2024.

Breach of fiduciary duty; suitability; misrepresentation of investment; failure to supervise; breach of contract; regulation bi

Broker David Smith in Ausdal Financial Partners, Inc. Firm Has Customer Complaint

March 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Smith (Smith), currently associated with Ausdal Financial Partners, Inc., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Smith recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $209,267.00 on October 16, 2024.

Claimant alleges violations of improper conduct, breach of fiduciary duties, negligence, breach of contract, Negligent supervision,\, and violation of applicable laws and industry rules.

There are Recent Customer Complaints with Broker David Frohlichstein in Firm Ausdal Financial Partners, Inc.

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Frohlichstein (Frohlichstein), currently associated with Ausdal Financial Partners, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Frohlichstein recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on January 10, 2025.

BREACH OF CONTRACT AND WARRANTIES, PROMISSORY ESTOPPEL; VIOLATION OF STATE SECURITIES STATUTES; BREACH OF FIDUCIARY DUTY; CLAIMS UNDER COMMON LAW; VICARIOUS LIABILITY.

Broker Walter Nagle in Ausdal Financial Partners, Inc. Firm Has Customer Complaint

February 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Walter Nagle (Nagle), currently associated with Ausdal Financial Partners, Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nagle recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $75,000.00 on August 07, 2024.

BREACH OF FIDUCIARY DUTY; NEGLIGENCE AND NEGLIGENT MISREPRESENTATION; BREACH OF CONTRACT; FAILURE TO SUPERVISE; VIOLATION OF REGULATION BEST INTEREST.

Gerald Repasz Subject to Customer Disputes Alleging Unsuitable Alternative Investments

July 1, 2018 | by Staff Attorney

The investment fraud attorneys at Gana Weinstein LLP are currently investigating Ausdal Financial Partners, Inc. (Ausdal Financial) broker Gerald Repasz (Repasz). According to BrokerCheck records, Repasz has been subject to 5 customer disputes, one of which still pending. The majority of these investments concern the unsuitable recommendation of alternative investments.

Most recently, in October 2017, a customer alleged that Repasz placed customers into UDF III, UDF IV, and Behringer Harvard REIT investments which were unsuitable to the customer’s investment objectives. The customer is requesting $62,000 in damages. This dispute is currently still pending.

In September 2016, a customer alleged that from 2005 to 2010, Repasz placed the customer in alternative investments that were unsuitable for the customer and misrepresented the material facts of the investments. The dispute was settled at $20,000.

Broker Investigation: Ausdal Financial Broker Randy Birkinbine

November 5, 2015 | by Staff Attorney

According to the BrokerCheck records kept by Financial Industry Regulatory Authority (FINRA) broker Randy Birkinbine (Birkinbine) has been the subject of at least 2 customer complaints, 4 judgements or liens, and 1 employment separation for cause. Customers have filed complaints against Birkinbine alleging securities law violations including claims of unsuitable investments among other claims. In addition, Birkinbine has six tax liens. The most recent tax lien dated December 23, 2013, is for $43,725. Previous tax liens in 2009, 2010, and May 2013 are for $51,670, $85,246, and $131,595 respectively. Judgements are often a sign that the broker cannot manage their own personal finances and may be tempted to recommend high commission products or strategies to clients in order to satisfy debts. Birkinbine was also terminated by Invest Financial Corporation (Invest) for cause stating that the firm alleged that Birkinbine violated firm policy by having multiple new account documents incomplete.

Birkinbine entered the securities industry in 1990. From June 2007, until June 2011, Birkinbine was registered with Workman Securities Corporation. From June 2011 onward Birkinbine has been associated with Ausdal Financial Partners, Inc. out of the firm’s Woodbury, Minnesota office location.

All advisers have a fundamental responsibility to deal fairly with investors including making suitable investment recommendations. In order to make suitable recommendations the broker must have a reasonable basis for recommending the product or security based upon the broker’s investigation of the investments properties including its benefits, risks, tax consequences, and other relevant factors. In addition, the broker must also understand the customer’s specific investment objectives to determine whether or not the specific product or security being recommended is appropriate for the customer based upon their needs.