Erez Law is currently investigating Ausdal Financial Partners, Inc. broker Donald Kiley (CRD# 2630201) regarding unsuitable investment recommendations. He has been registered with Ausdal Financial Partners, Inc. in De Pere, Wisconsin, since 2008.
Previously, he was registered with Waterstone Financial Group, Inc. in Green Bay, Wisconsin from 2005 to 2008, when he was terminated regarding, “FINRA U-6 filing of 2/1/2008, NASD rules 2110, 3030, 3040 – respondent participated in private securities transactions for compensation and failed to give written notice to, and receive written approval from, his member firm prior to engaging in such activities by received $20,382.07 in compensation for selling life settlement and failed and neglected to give prompt notice to his member firm. The complaint alleges that Kiley’s firm explicitly prohibited the sale of viaticles and life settlements in its compliance manual.”
In October 2005, the state of Wisconsin issued an order of prohibition and censure based on “allegations of the sale of unregistered securities, in the form of mutual benefits viatical settlements, off the books and records of his employing broker-dealer.”
In February 2008, FINRA sanctioned him to pay a $5,000 civil and administrative penalty and fine and suspended him for three months after the agency found that he “participated in private securities transactions for compensation and failed to give written notice to, and receive written approval from, his member firm prior to engaging in such activities. The complaint alleges that Kiley engaged in outside business activities by receiving $20,382.07 in compensation for selling life settlements and failed and neglected to give prompt written notice to his member firm. The complaint alleges that Kiley’s firm explicitly prohibited the sale of viatical and life settlements in its compliance manual.”
In April 2009, the state of Illinois revoked his registration for two years and ordered him to pay $750 in costs.
Donald Kiley Customer Complaints
He has been the subject of three customer complaints between 2004 and 2026, one of which was denied, according to his CRD report:
June 2026. “Breach of Fiduciary Duty; Negligence and Negligent Misrepresentation; Breach of Contract; Failure to Supervise; Violation of Best Interest.” The customer is seeking $100,000 in damages.
June 2020. “Clients allege products sold were unsuitable.” The customer is seeking $1,138,244 in damages and the case is currently pending. The complaint is regarding direct investments and private placements.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Ausdal Financial Partners, Inc. may be liable for investment or other losses suffered by Donald Kiley’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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