Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Harold Klein (Klein), previously associated with Newedge Securities LLC, has at least one disclosable event. These events include one tax lien, alleging that Klein recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on October 15, 2024.
Without admitting or denying the findings, Klein consented to the sanctions and to the entry of findings that he caused his member firm to maintain inaccurate books and records by electronically signing the signatures of 58 customers, 46 of whom were seniors, on account documents. The finding stated that the documents signed by Klein, which included account applications, account feature forms, and account transfer forms, were required books and records of the firm. None of the customers complained and the transactions were authorized. In addition, Klein incorrectly attested to the firm on compliance questionnaires that he had not signed or affixed another person’s signature on a document.
