National investment loss lawyers KlaymanToskes is investigating broker Harold Klein a/k/a Hal Klein (CRD #1021759), formerly of NewEdge Securities and LPL Financial. Klein is also reportedly doing business as Pacific Pointe Advisors.
According to FINRA BrokerCheck, Hal Klein was suspended for three months and fined $5,000 by FINRA for allegedly falsifying electronic signatures of 58 customers (including 46 seniors) on 145 account documents while at LPL Financial, despite having customer permission to do so.
Investors that suffered losses with broker Hal Klein are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
FINRA BrokerCheck records show Hal Klein, a broker formerly with NewEdge Securities and LPL Financial, electronically signed account documents on behalf of 58 customers, including 46 seniors. The documents reportedly included account applications, account feature forms, and account transfer forms, which were required books and records of his former member firm, LPL Financial. FINRA’s investigation found that Klein falsified electronic signatures on 145 total account documents. While the customers had provided permission for the signatures and the transactions were authorized, Klein submitted incorrect attestations on three compliance questionnaires stating he had not signed other persons’ signatures on documents. Klein received a $5,000 fine and a three-month suspension from associating with any FINRA member in any capacity. He is currently registered with NewEdge Securities as a broker and NewEdge Advisors as an advisor, also doing business as Pacific Pointe Advisors.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.If you suffered losses with broker Hal Klein, or have concerns regarding your investment portfolio at NewEdge Securities, LPL Financial, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.