Last Updated: December 2024 (Seal Beach, CA)
Harold Edward Klein Investigation Summary
Here’s What You Need to Know About Seal Beach, CA Stockbroker Harold Edward Klein:
- Name: Harold Edward Klein
- Current Employer: Not currently registered with FINRA- Suspended by FINRA
- Prior Employers:
- NewEdge Securities LLC (2021–2024)
- LPL Financial LLC (2017–2021)
- National Planning Corporation (2000–2017)
- Function: Stockbroker / Financial Advisor/Registered Investment Advisor
- Aliases: Harold Klein
- Primary Location: Seal Beach, CA
- CRD Number: 1021759
- Can Harold Klein Be Sued in FINRA Arbitration: Yes
- Sanctioned by FINRA: Yes
- Terminated by prior Employer: Yes
If you’ve sustained damages from Mr. Klein, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Harold Klein as Your Stockbroker?
On October 15, 2024, FINRA issued a disciplinary action against Harold Klein for violations involving electronically signing customer account documents without the authorization of the clients. According to FINRA, Mr. Klein electronically signed documents for 58 clients, including 46 senior citizens, on forms such as account applications and transfer forms, which are critical records for his member firm. This resulted in inaccurate firm records. Klein falsely attested on compliance questionnaires about his signature practices. The disciplinary action resulted in:
- Sanction: A 90-day suspension from November 4, 2024, to February 3, 2025
- Fine: $5,000
Mr. Klein was discharged from both LPL Financial LLC in 2021 and NewEdge Securities LLC in 2024 due to similar allegations regarding unauthorized electronic signatures.
Investigations involving forgery by financial advisors
Allegations of Broker Misconduct Against Harold Klein
Customers, employers, and regulatory filings have raised the following allegations against Harold Klein:
- Unauthorized Signatures: Electronically signed account documents on behalf of customers without their direct consent, a violation of firm policies and FINRA Rule 4511, which governs accurate books and records.
- False Attestations: Misrepresented his adherence to compliance standards on firm questionnaires.
- Regulatory Violations: Caused his member firm to maintain inaccurate records, violating FINRA Rule 2010(Standards of Commercial Honor and Principles of Trade).
FINRA Rule 2010-states that a member: “in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Harold Edward Klein, 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.