Calvin Kleinmann Failed to Comply With an Arbitration Award
Calvin Kleinmann (CRD #:2382117), a broker formerly registered with Wells Fargo Clearing Services, has been suspended by FINRA for allegedly failing to comply with an arbitration award or settlement agreement, according to his BrokerCheck Record accessed on December 14, 2021.
FINRA arbitration awards are binding, with only limited appeal rights. Registered representatives or firms subject to an adverse decision in award-related arbitration proceedings are required to pay an award within 30 days. Failure to take action could result in suspension. Notably, FINRA Rule 9554 contains expedited disciplinary procedures for a broker or broker-dealer’s failure to comply with the terms of an arbitration award.
Calvin Kleinmann was suspended indefinitely from November 29, 2021. The suspension will continue until he fully pays the arbitration award.
You can access the full arbitration award here.
Calvin Kleinmann has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 31 – Futures Managed Funds Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 10 – General Securities Sales Supervisor – General Module Examination
- Series 9 – General Securities Sales Supervisor – Options Module Examination
Calvin Kleinmann has also worked with the following firms:
- Morgan Stanley (CRD#:149777)
- Mercantile Investment Services (CRD#:19908)
Kurta Law Can Help
If you have been victimized by Calvin Kleinmann, don’t hesitate to get in touch with us today at 877-600-0098 or email@example.com for a free consultation.
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