Purported Hedge Fund Manager Charged with Fraud (HedgeCo.net) (HedgeCo.Net) The Securities and Exchange Commission today charged a Long Island, New York man and his wholly-owned company with defrauding investors by falsely claiming to manage a successful hedge fund. According to the SEC’s complaint, since at least 2015, Rand Heckler, a former broker who was barred by FINRA in 2019, solicited over $700,000 in investments from an elderly investor and the investor’s son by claiming to manage a successful hedge fund through his company, Rand Heckler, Inc. The complaint alleges that, in reality, Heckler and Rand Heckler, Inc. never managed a hedge fund and never invested the funds he received.