DID RAND ALAN HECKLER CAUSE YOU INVESTMENT LOSSES?
Rand Heckler Formerly With Benjamin & Jerold Brokerage I, LLC Has 5 Customer Complaints For Alleged Broker Misconduct
Who is Rand Heckler formerly with Benjamin & Jerold Brokerage I, LLC?
Rand Heckler (CRD #2689235) who was formerly registered with Benjamin & Jerold Brokerage I, LLC and located in Glen Cove, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Benjamin & Jerold Brokerage he was terminated for raising capital for a private placement without written approval. Last year, United States Securities and Exchange Commission initiated administrative proceedings against Rand Heckler for violations of the federal securities laws. They previously been barred by FINRA for failing to respond to a FINRA request for documents and information. Rand Heckler allegedly ran a hedge fund and used bank accounts in the name of Heckler, Inc. to receive, and then misappropriate for his personal use, invest the funds. In so doing, he allegedly made misrepresentations and omissions in soliciting at least $755,000 in funds to purchase securities in a sham hedge fund that he purportedly managed. According to the SEC, Rand Heckler operated in a Ponzi scheme like fashion. He was permanently barred from any further association with the securities industry last year.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Rand Heckler Customer Complaints
Rand Heckler has been the subject of 5 customer complaints that we know about seeking to recover investment losses. Two customer complaints were settled by Rand Heckler his former employers in favor of the investors or his alleged misconduct. Another 2 customer complaints were denied by his former employers and the investors took no further action. There is currently one customer complaint which is still pending.
Allegations Against Michael Hack
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- The customer invested money with adviser never received any accounting, correspondence, feedback on the status of the investments aware the monies are located to this date.
- Unauthorized trading.
- Use of margin in trading securities without customer’s knowledge or consent.
- Unsuitable investments and unsuitable investment strategy.
- Customers’ investments in private placements were misrepresented and unsuitable.
Rand Heckler Red Flags & Your Rights As An Investor
Of course, Rand Heckler did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Rand Heckler at Benjamin & Jerold Brokerage I, LLC on alert to review carefully the activity and performance of their accounts and question whether Benjamin & Jerold Brokerage I, LLC has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Benjamin & Jerold Brokerage I, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Benjamin & Jerold Brokerage I, LLC Due To Rand Heckler
If you have questions about Benjamin & Jerold Brokerage I, LLC and/or Rand Heckler and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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