Last Updated: September 2025 — North Oaks, MN
Here’s what you need to know about North Oaks, MN, stockbroker Randy L. Birkinbine:
- Name: Randy L. (Lee) Birkinbine
- Current Employer: Ausdal Financial Partners, Inc. — 5959 Centerville Rd., Suite 250A, North Oaks, MN 55127 (registered since 10/22/2016)
- Prior Firms:
- Workman Securities Corporation (Woodbury, MN) — 06/2007–06/2011
- Invest Financial Corporation (White Bear Lake, MN) — 05/2003–05/2007
- FSC Securities Corporation (Atlanta, GA) — 01/2002–09/2002
- Lutheran Brotherhood Securities Corp. (Minneapolis, MN) — 01/1990–01/2002
- Other Business Affiliations:
- Birkinbine Insurance Production (Woodbury, MN) — Insurance sales (investment-related)
- B & N Financial, LLC (North Oaks, MN) — Owner; investment advisory/financial planning (began 06/2020)
- CRD number: 2008599
- Stockbroker / Financial Advisor. Yes
- Can Broker be Sued in FINRA: Yes
- Discloses Outstanding Tax Liens: Yes
- Discharged by a Prior Employer: Yes
- Highest Award of Settlement: $62,500
- Current Customer Disputes Seeks Total Damages of: $575,000 (pending FINRA arbitrations involving GWG Bonds).
If you’ve sustained damages from Mr. Birkinbine, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Randy L. Birkinbine as Your Stockbroker?
In 8/2025 a customer of Ausdal Financial filed a FINRA arbitration alleges breach of fiduciary duty in connection with a recommendation by Birkinbine to invest in GWG L Bonds. Damages of $75,000 are sought.
A FINRA arbitration filed in April 2024 vs. Ausdal Financial Partners (FINRA Case No. 24-00857) alleges unsuitable recommendations, lack of due diligence, violations of Regulation Best Interest, and over-concentration in alternative investments (including GWG L Bonds, CIM Real Estate Trust, MCI Preferred Equity Fund, Priority Income Fund, Terra Secured Income Fund 5, Coachman Energy), seeks $500,000 in damages. This matter is currently pending.
Mr. Birkinbine also recently settled GWG-related cases: a February 2024 filing (FINRA Case No. 24-00402)that settled for $41,500, and a January 2024 filing (FINRA Case No. 24-00081) that settled for $62,500 involving GWG L Bonds .
Allegations of Broker Misconduct Against Randy L. Birkinbine
- Unsuitability / Over-Concentration in Illiquid Alternatives
- Breach of Fiduciary Duty and Negligence
- Failure to Conduct Adequate Due Diligence on Private Placements
- Failure to Supervise
- Misrepresentation/Omission of Material Facts
- Violations of Minnesota “Blue-Sky” Law
Recover Your Investment Losses Now With Rex Securities Law
Other Investigations of Ausdal Financial Partners brokers
Other Investigations Involving GWG Bonds
If you have suffered investment losses in an account handled by Randy L. Birkinbine, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.