Eric Kleiner Allegedly Recommended Unsuitable Cannabis Securities

Eric Kleiner (CRD #: 4135180) has been fired by Morgan Stanley Wealth Management. This is according to his BrokerCheck record, accessed on September 8, 2025. He also has five investor disputes from 2025 alone. Keep reading if you have concerns regarding his alleged conduct as a broker. 

Investor Disputes

There are five investor disputes on Eric Kleiner’s record alleging he recommended outside investments that were not authorized by the firm. The dispute filed on May 8, 2025, is seeking $400,000. 

Employment Separation Following Allegations 

On March 18, 2025, Morgan Stanley Wealth Management fired Eric Kleiner following allegations related to recommendations to customers of non-firm-approved and firm-restricted investments, including investments in which Eric Kleiner was also invested. He also allegedly used a personal device to engage in unauthorized disclosure of confidential, internal-use-only firm information. 

FINRA Rule 3270 – Outside Business and Selling Away

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Firms may also require brokers to seek approval of any outside business.

Background Information 

Eric Kleiner has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 16 states and D.C. He is a registered investment adviser in New York and Texas. 

Eric Kleiner has registered with the following firms: 

• Morgan Stanley (CRD #: 149777) 
• Wells Fargo Advisors (CRD #: 19616) 
• Prudential Securities Incorporated (CRD #: 7471) 

Kurta Law Can Help

If you worked with Eric Kleiner and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.