Soreide Law Group obtained the following from FINRA’s website under, “Disciplinary and Other FINRA Actions,” December 2021.

EDGAR A KLEYDMAN (CRD #2727571, Staten Island, New York)

On October 14, 2021, an Acceptance, Waiver and Consent (AWC) was issued in which EDGAR A KLEYDMAN was barred from association with any FINRA member in all capacities.

Without admitting or denying the findings, EDGAR A KLEYDMAN consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA during its investigation into whether he allegedly engaged in private securities transactions without providing written notice to his member firm.

FINRA’s findings stated that the investigation originated from a firm client’s complaint to FINRA.

(FINRA Case #2019064101401)

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, EDGAR A KLEYDMAN was previously registered both as a broker and as an investment advisor. Kleydman was in the securities industry for 19 years and had been listed with 8 firms.  Kleydman has 5 Disclosures on his FINRA CRD report. Three of the disclosures are “Customer Disputes.”

On August 24, 2017, a customer dispute settled after allegations of, “Client alleges suitability regarding equity listed investment. Activity dates 11/05/2014-11/13/2014.”  The damage amount requested was $5,000.00, the settlement amount was $55,000.00.

A customer dispute settled on February 12, 2021, following allegations of, “Claimant alleges RR (registered representative) engaged in “selling away” by selling Claimant investments not sold by the brokerage firm, and then allegedly misrepresented the return on investment and made a guarantee associated with Claimant’s funds.” The settlement amount was $15,000.00.

The third customer dispute dated August 26, 2021, is pending following these allegations, “Kleydman was named in a customer complaint that asserted the following causes of action: fraud; breach of fiduciary duty; unsuitability; breach of contract; and negligence.” The damage amount requested is $35,650.64.

The most recent firms EDGAR A KLEYDMAN was listed with were:

12/19/2019 – 03/16/2020  MML INVESTORS SERVICES LLC – BROOKLYN, NY

12/02/2015 – 12/10/2019  AXA ADVISORS LLC – BROOKLYN, NY

If you’ve suffered losses due to the recommendations or actions of the former broker/financial advisor, EDGAR A KLEYDMAN formerly with MML Investors and AXA Advisors both of Brooklyn, New York, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.

Soreide Law Group works on a contingency fee basis, no fee to you if no recovery, and represents clients nationwide before FINRA.