Last Updated: July 2025 — Brooklyn, NY
Here’s what you need to know about Brooklyn, NY, former stockbroker Edgar A. Kleydman:
- Name: Mr. Edgar A. Kleydman
- CRD Number: 2727571
- Current Employer: Barred from acting as a broker by FINRA
- Prior Employers: MML Investors Services, LLC; AXA Advisors, LLC; J.P. Morgan Securities LLC; Chase Investment Services Corp.; Capital One Investment Services LLC; Woodbury Financial Services, Inc.; MetLife Securities Inc.; Metropolitan Life Insurance Company
- Function: Stockbroker / Financial Advisor
- Can Edgar Kleydman be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes (Permanently Barred)
- Highest Settlement or Award: $250,000
If you’ve sustained damages from Mr. Kleydman, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Edgar Kleydman As Your Stockbroker?
On October 14, 2021, FINRA permanently barred Edgar A. Kleydman from associating with any FINRA-member firm in any capacity (Case No. 2019064101401). Kleydman consented to this sanction without admitting or denying the findings that he refused to appear for on-the-record testimony during an investigation into whether he engaged in private securities transactions without providing written notice to his member firm—conduct prohibited under FINRA Rule 3280 (Private Securities Transactions of an Associated Person).
The investigation began after a customer complaint was submitted to FINRA.
Kleydman discloses four customer disputes:
- FINRA Case #21-01711: Filed 07/04/2021, a customer of Equitable Advisors alleged fraud, breach of fiduciary duty, unsuitability, breach of contract, negligence, and violations of industry rules. The panel awarded $10,325 in compensatory damages plus interest on 03/09/2022.
- FINRA Case #23-02609: Filed 09/26/2023, alleged Kleydman engaged in “selling away” by selling unapproved promissory notes, misrepresented returns, and made guarantees. The case settled for $250,000.
- FINRA Case #21-00287: Filed 02/09/2021, alleged similar “selling away” conduct involving misrepresentations and guarantees. This dispute was settled for $15,000.
- FINRA Case #17-02250: Filed 08/22/2017, alleged unsuitability regarding an equity listed investment during his time with J.P. Morgan Securities. This was settled for $55,000.
Such allegations suggest possible violations of FINRA Rule 2111 (Suitability) and FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade).
Allegations of Broker Misconduct Against Edgar A. Kleydman
- Failure to cooperate with a FINRA investigation
- Private Securities Transactions (“Selling Away”)
- Fraud
- Misrepresentation
- Breach of Fiduciary Duty
- Unsuitability
- Negligence
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other MML Investors Services brokers
Our Investigations of other Brokers who worked for Equitable Advisors
If you have suffered investment losses in an account handled by Edgar A. Kleydman, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.