The Investor’s Watchdog

The Investor's Watchdog

New York City General Securities Representative Consents to Bar for Refusing to Cooperate with FINRA Investigation Regarding Possible Unsuitable Recommendations

Tuesday, July 9, 2019

Former general securities representative, Rand Heckler, who was most recently associated with Benjamin & Jerold Brokerage I, LLC consented to a bar from associating with FINRA member firms in all capacities to resolve allegations of violating securities industry rules.

According to the Letter of Acceptance, Waiver and Consent (AWC) approved by FINRA Department of Enforcement on June 14, 2019, Heckler failed to provide documents and information during an ongoing investigation regarding a customer complaint alleging unsuitable recommendations, misrepresentations and possible misappropriation. Heckler also refused to appear for on-the-record testimony. Based on the foregoing, Heckler violated FINRA Rules 8210 and 2010.

By signing the AWC, and without admitting or denying the allegations made against him, Heckler consented to a bar from associating with all FINRA member firms in any capacity.

According to his FINRA BrokerCheck report, Heckler has been associated with several FINRA member firms since entering into the securities industry. Within the past ten years, he has been associated with three firms that have been expelled including Westrock Advisors, Inc. (November 2003 to February 2007), Prestige Financial Center, Inc. (February 2007 to November 2010), and Global Arena Capital Corp (November 3, 2010 to November 10, 2010), all which are located in New York, New York. Heckler was also associated with Alexander Capital, L.P. from November 2010 to December 2013 in New York City before moving to Benjamin & Jerold Brokerage I, LLC in Glen Cove, New York from January 2014 to April 2019.

Oftentimes brokerage firms can be held liable for the brokers’ misconduct if they failed to supervise them while registered at the firm. If you lost money due to you broker’s bad advice, you may be able to recover from your broker or the brokerage firm where he or she was registered. Since 1998, the experienced attorneys at ChapmanAlbin LLC have been fighting for victims of investment fraud and broker misconduct. Call us today at 1-877-410-8172 for a free consultation.

 

Author: Jason T. Albin

Jason Albin is an Attorney and Partner at ChapmanAlbin, the investor rights law firm. He has represented hundreds of investors who have lost money due to broker misconduct, unsuitable investment advice and fraud.​ Jason also represents individuals in “whistleblower” suits filed against unscrupulous companies that try to defraud the US federal and state governments.

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