The law firm of Oakes & Fosher is currently investigating the alleged misconduct of former securities broker Rand Heckler. According to his publicly available FINRA BrokerCheck report, Rand Heckler is the subject of a pending customer complaint.

Rand Heckler was a New York based securities broker. He worked in the securities industry for twenty-two years. During his career, he was registered with twelve different securities firms.

His Registrations

  • Royce Investment Group (1996, 1999)
  • Biltmore Securities (1996-1998)
  • Investec Ernst & Company (1999-2002)
  • Bishop, Rosen & Co. (2002)
  • S.W. Bach & Company (2002)
  • Gunnallen Financial (2002-2003)
  • Westrock Advisors (2003-2007)
  • Prestige Financial Center (2007-2010)
  • Global Arena Capital Corp. (2010)
  • Alexander Capital (2010-2013)
  • Benjamin & Jerold Brokerage I, LLC (2014-2019)

The Allegations

In December 2018, a customer alleged that they invested money with Rand Heckler. They alleged that they never received any account correspondence and that Rand Heckler flat out ignored them when seeking that information. The customer believes that Rand Heckler misrepresented his actual intentions and misappropriated the funds. This customer is seeking $312,000 in damages.

FINRA began an investigation into the matter following the complaint. After Rand Heckler allegedly failed to comply with the investigation, he was subsequently barred by FINRA from acting as a securities broker in any fashion.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth of the matter is that investors who have lost money in this fashion could actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Rand Heckler, please contact Oakes & Fosher for a free and private consultation.