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McCausland Financial’s Andrew McCausland Faces GWG Complaint
Winnetka, Illinois financial advisor Andrew McCausland (CRD# 1595011) is involved in an investor complaint alleging misconduct relating to GWG L bond investments. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with Ausdal Financial Partners, as well as the president of The McCausland Group.
Mr. McCausland’s BrokerCheck report discloses one investor complaint. Filed in March 2023, it alleges that as a representative of Ausdal Financial Partners, he made misleading and unsuitable investment recommendations involving L bonds issued by GWG Holdings. (More information about GWG Holdings, which reportedly raised $1.6 billion from investors in its L bonds, filed for Chapter 11 bankruptcy, and is under investigation by the SEC, is available via this resource.) The pending complaint alleges damages of $50,000.
According to the Financial Industry Regulatory Authority, Andrew McCausland holds 34 years of securities industry experience. Based in Winnetka and Northbrook, Illinois, he has been a broker and an investment advisor with Ausdal Financial Partners since 2012. He is the president of the McCausland Group. His registration history includes Harvest Investment Services (Oakbrook Terrace, Illinois; 2012), Investment Advisors (Northbrook, Illinois; 2003-2012), ProEquities (Northbrook, Illinois; 2003-2012), InterSecurities (Oakbrook, Illinois; 2003), World Group Securities (Duluth, Georgia; 2002-2003), WMA Securities (Duluth, Georgia; 2001-2002), Provident Distributors (King of Prussia, Pennsylvania; 1999-2000), Funds Distributor (Portland, Maine; 1998-1999), Investors Brokerage Services (Elgin, Illinois; 1994-1998), and Kemper Financial Services (1987-1993). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, Minnesota, Missouri, New York, Oregon, and Wisconsin. (Information current as of April 22, 2023.)
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