Investors File Disputes About Edgar Kleydman

Investors have come forward with complaints about securities broker Edgar Kleydman AKA Edgar A. Kleydman [CRD#: 2727571, Brooklyn, NY]. Evidently, the securities broker, who worked for Equitable Advisors, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Equitable Advisors clients allege that Kleydman acted unethically, breached a fiduciary duty, made unsuitable transactions, breached a contract, and was negligent. For more on these disclosures about Kleydman, see below.

Edgar Kleydman Discloses Negligence Allegations By Equitable Advisors Client

Evidently, a client of Equitable Advisors contested Edgar Kleydman’s sales practices by filing FINRA Arbitration #: 21-01711. Allegedly, Kleydman acted unethically, breached a fiduciary duty, made unsuitable transactions, breached a contract, and was negligent. Supposedly, the securities which Kleydman sold or recommended had caused the client to sustain damages. Therefore, FINRA Arbitrators issued an Award dated March 9, 2022 compelling Equitable Advisors or Kleydman to compensate the client in the amount of $10,325.32.

FINRA Sanctions Kleydman

Supposedly, on December 10, 2019, AXA Advisors LLC filed a Uniform Termination Notice for Securities Regulation (Form U5) with FINRA, indicating that Kleydman’s registration with the firm had been terminated. FINRA then began an investigation into Kleydman concerning client complaints involving Kleydman engaging in private securities transactions without providing AXA with written notice. Kleydman initially cooperated with FINRA’s investigation but stopped doing so in September 2021. Namely, on September 21, 2021, FINRA sent Kleydman a request for on-the-record testimony. Through his counsel, Kleydman indicated that he had received FINRA's request but would not appear for on-the-record testimony at any time. As a result, Kleydman violated FINRA Rules 2010 and 8210.

J.P. Morgan Securities Investor Accuses Kleydman Of Unsuitable Trading

Also, a J.P. Morgan Securities client filed FINRA Arbitration #: 17-02250 about Edgar Kleydman. Namely, the client alleged that Kleydman made unsuitable transactions. Because of this, the client sustained damages on stocks. Therefore, on June 21, 2018, J.P. Morgan Securities settled this matter by paying the client $55,000.

Edgar Kleydman Discloses Unsuitable Trading Accusations By J.P. Morgan Securities Client

Also, a client of J.P. Morgan Securities contested Edgar Kleydman’s sales practices by filing FINRA Arbitration #: 17-02250. Allegedly, Kleydman made unsuitable transactions. Supposedly, the stocks which Kleydman sold or recommended had caused the client to sustain damages. Therefore, J.P. Morgan Securities opted to settle the matter on August 22, 2017 by compensating the client in the amount of $55,000.

Did Equitable Advisors Securities Broker Kleydman Cause You To Experience Damages?

Have you suffered damages because of securities broker Edgar Kleydman? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered money for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Kleydman and brokerage firms Kleydman was employed by deny any and all allegations of sales practice violations.