FINRA BrokerCheck indicates investor disputes concerning securities broker Robert Owen Klein (CRD#: 1254422, Newport Beach, California). Evidently, Klein worked as a JP Morgan Securities broker from 1995 to 2019. Take a look at the following summary of the allegations against this securities broker. Also keep in mind that investment loss recovery lawyer can help you recover damages from a securities broker or financial advisor that committed sales practice violations.
It appears that a client took issue with Robert Klein’s activities as a securities broker at JP Morgan Securities. The client brought the dispute in May 2019. Mainly, they allege that Klein’s improper investments resulted in damages. Therefore, to settle this matter without admitting liability, the firm paid them $300,000 in May 2021.
Notably, FINRA BrokerCheck shows that a JP Morgan Securities client objected to Robert Klein’s sales practices in 2015. Supposedly, Klein or the securities firm caused the client to experience damages by investing in a bad investment strategy. The investor’s causes of action include unsuitable bond trading, breach of fiduciary duty, breach of contract, misrepresentation, and negligence. Evidently, JP Morgan Securities settled by paying $75,000 in damages to the client in November 2016.
Evidently, a client of JP Morgan Securities contested Robert Klein’s sales practices by filing an investment dispute in October 2014. Mainly, the client alleges breach of fiduciary duty, misrepresentations and omissions concerning government bonds. Supposedly, Klein caused damages through a bad investment allocation. Because of this, the securities firm opted to settle this matter by virtue of payment to the client in the amount of $360,000 in damages in November 2015.
Notably, a client of JP Morgan Securities complained in 2014 about Robert Klein’s sales practices at JP Morgan Securities. The investor’s causes of action include misrepresentation, breach of fiduciary duty, violation of federal and state securities laws, and failure to supervise. Supposedly, the client experienced damages stemming from Klein’s sales practice violations concerning treasury securities, options, and leveraged ETFs. Therefore, the securities firm was required by an Arbitration Panel to compensate the client in the amount of $1,145,747.00 in compensatory damages in October 2015.
Specifically, a JP Morgan Securities client expressed concerns about Robert Klein’s sales practices, as BrokerCheck shows that the client lodged an investment dispute in March 2014. Notably, Klein allegedly caused the client to experience damages as a result of unsuitable trading, negligence, and a breach of fiduciary duty. Notably, the client agreed to settle their allegations with JP Morgan Securities, as the firm agreed to pay the client $525,000 in damages per a settlement in March 2015.
Did securities broker Robert Klein cause you to suffer investment losses? You can get in touch with Soreide Law Group at (888) 760-6552 to speak with a skilled securities lawyer regarding a possible recovery of your losses. Soreide Law Group represents clients by a contingency fee arrangement and advances costs. The firm has helped many investors recover compensation when they have sustained damages from financial advisors and securities brokers. Please note that Klein denies the allegations of improper sales practices.
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