Erez Law is interested in speaking with investors who may have suffered losses due to investments with former J.P. Morgan Securities LLC broker Robert Klein (CRD# 1254422) regarding suitability concerns related to managed accounts. He has been registered with J.P. Morgan Securities LLC in Newport Beach, California from 1995 to 2019.
Robert Klein Customer Complaints
He has been the subject of 12 customer complaints between 2011 and 2019, one of which was closed without action, according to his CRD report. The most recent complaint was regarding:
May 2019. “Client alleges unsuitability regarding managed account investments. Activity dates 2013-2015.” The customer sought $1,500,000 in damages and the case was settled for $300,000. The complaint took place while he was registered with J.P. Morgan Securities LLC and was regarding leveraged exchange traded funds (ETFs), options, and US Treasury securities.
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, J.P. Morgan Securities LLC may be liable for investment or other losses suffered by Robert Klein’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.