Martin Adalbert Klein III, of Newport Beach, California, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $10,000,000.00 in damages based upon allegations that Klein made unsuitable recommendations of government bonds when Klein was associated with RBC Capital Markets LLC. FINRA Arbitration No. 23-00302 (February 6, 2023).
FINRA Public Disclosure shows that Klein is referenced in four other customer initiated investment related disputes concerning Klein’s conduct while associated with securities broker dealers. On September 27, 2001, a customer filed an investment related complaint involving Klein’s conduct in which the customer requested $26,000.00 in damages based upon allegations that Klein failed to correspond with the customer about the decline in the customer’s over-the-counter equities values during the time that Klein was associated with Morgan Stanley. The securities broker dealer denied this complaint.
On March 31, 2011, another customer filed an investment related complaint involving Klein’s conduct in which the customer requested $1,853,960.00 in damages based upon allegations that Klein failed to follow instructions concerning municipal bonds when Klein was associated with J.P. Morgan Securities LLC. This complaint was denied by the securities broker dealer.
Klein is also referenced in a customer initiated investment related complaint filed on November 9, 2011, in which the customer requested compensation based upon allegations that Klein engaged in unsuitable trading in mutual funds during the time that Klein was associated with J.P. Morgan Securities LLC. The securities broker dealer denied this complaint.
On February 6, 2023, a customer filed an investment related FINRA securities arbitration claim involving Klein’s conduct in which the customer requested $24,000,000.00 in damages based upon allegations that Klein made unsuitable recommendations of government bonds when Klein was associated with RBC Capital Markets LLC. FINRA Arbitration No. 23-00302.
Klein has been associated with RBC Capital Markets LLC as a stockbroker since June 25, 2014, and as an investment advisor representative since June 25, 2014.
