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.