Harold Klein Resigns from NewEdge Securities

Harold Klein (CRD #: 1021759), a broker formerly registered with NewEdge Securities, resigned from that firm following his suspension by FINRA, according to his BrokerCheck record, accessed on November 13, 2024. If you have questions about his alleged conduct as a broker, read on.

Resignation from NewEdge Securities

On November 1, 2024, Harold Klein resigned from NewEdge Securities following his suspension by FINRA for allegedly electronically signing documents on behalf of 58 clients.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Suspension

On October 15, 2024, Harold Klein consented to the entry of findings that he allegedly falsified the electronic signatures of 58 clients on a total of 145 documents from January 2018 to September 2020.

According to a Letter of Acceptance, Waiver & Consent (AWC), Harold Klein allegedly had permission from clients to electronically sign their names on the documents, including account applications, feature forms, and transfer forms. The AWC further alleged that 46 of the 58 clients were seniors.

Further, Harold Klein allegedly attested on three firm compliance questionnaires that he had not signed or affixed another person’s signature on any documents.

The AWC concluded that this alleged misconduct violated FINRA Rules 4511 and 2010.

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

Sanctions

Harold Klein consented to the following sanctions:

• 3-month suspension from associating with FINRA members
• $5,000 fine

His suspension began on November 4, 2024, and will end on February 3, 2025. You can read the full AWC here.

Termination by LPL Financial

On April 17, 2021, Harold Klein was fired from LPL Financial following allegations that he electronically signed account documents on behalf of clients.

Background Information

Harold Klein 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 7 – General Securities Representative Examination
• Series 24 – General Securities Principal Examination

He previously worked for the following firms:

• NewEdge Securities (CRD#:10674)
• LPL Financial (CRD#:6413)
• National Planning Corporation (CRD#:29604)
• Associated Securities Corporation (CRD#:12969)
• Wellington Securities (CRD#:16659)
• Bretcourt Securities Corporation (CRD#:10604)
• WZW Financial Services (CRD#:5717)

Kurta Law Can Help

If you worked with Harold Klein 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 that 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.