Matthew Klein of New York New York a stockbroker currently employed by AXA Advisors LLC is the subject of a customer initiated investment related written complaint which was settled for $25,261.00 on September 13, 2016 based upon allegations that misrepresentations were made to the customer concerning a life insurance policy that the customer purchased.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Klein is referenced in four more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with AXA Advisors LLC. Particularly, on December 16, 2011, a customer filed an investment related complaint concerning Klein’s activities where the customer sought more than $5,000.00 in estimated damages supported by accusations of misrepresentations being made to the customer concerning a customer’s variable life insurance policy.
Thereafter, on May 23, 2012, a customer filed an investment related complaint regarding Klein’s activities in which the customer requested unspecified damages founded on allegations that a variable annuity contract had been purchased for the customer without the customer’s knowledge. On September 29, 2014, another customer filed an investment related complaint concerning Klein’s activities where the customer sought an indeterminate amount of damages based upon accusations that the customer was placed in a variable life insurance policy that was not suitable for the customer.
Further, a customer filed an investment related complaint involving Klein’s conduct in which the customer requested $10,000.00 in damages supported by allegations of unsuitable investment recommendations having been made to the customer concerning a variable annuity.
Klein has been registered with AXA Advisors LLC since December 9, 2005.
