ERIC B KLEINER Barred by FINRA

ERIC BRIAN KLEINER (ERIC KLEINER, ERIC B KLEINER) was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of 10/31/2025.  The last firm Kleiner was registered with was MORGAN STANLEY of New York, NY from 09/09/2016 - 04/02/2025.

According to the FINRA report, available to the public on FINRA's website, without admitting or denying FINRA’s findings, ERIC B KLEINER consented to the sanction and to the entry of findings that he allegedly refused to provide documents and information requested by FINRA during an investigation that originated from its review of the Form U5 filed by his member firm.

FINRA’s finding stated that the firm filed the Form U5 stating that it discharged ERIC B KLEINER due to alleged concerns related to his recommendation of non-firm approved and firm restricted investments to customers, including ones in which he was also invested, failure to fully disclose outside investment, and use of a personal device to engage in unauthorized disclosure of confidential, internal use only firm information.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ERIC B KLEINER was in the securities industry for 25 years and was listed with 3 firms.  He was listed both as a broker and as an investment advisor. Kleiner has 15 disclosures on his FINRA CRD report.  Of the 15 disclosures, one is the “Regulatory” barring him from the industry, and one is an “Employment Separation after Allegations,” dated 3/18/2025.  Kleiner was discharged from MORGAN STANLEY following, “Allegations related to recommendations to customers of non-firm approved and firm restricted investments, including ones in which Mr. Kleiner was also invested, failure to fully disclose outside investment, and use of personal device to engage in unauthorized disclosure of confidential, internal use only Firm information.”

Also, ERIC B KLEINER has 13 “Customer Disputes” listed on his FINRA CRD report. The significance of Kleiner’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, ERIC B KLEINER’s 13 customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. 

In January of 2024, Soreide Law Group published the following post to our blog:

Eric Kleiner Involved In Morgan Stanley Investor Dispute - Securities Lawyer

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