Advisor Alert: Our Attorneys Are Investigating Alexander Patrick Kline For Investment Fraud
Did You Lose Money Because of Alexander Kline?
Filed: January 30, 2024
Alexander Kline currently has one (1) pending customer complaint. Overall, he has been the subject of six (6) customer complaints and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Alexander Patrick Kline.
Who Is Alexander Patrick Kline of Cambridge Investment Research, Inc.?
- Advisor Name: Alexander Patrick Kline
- Aliases: Alexander Kline
- CRD: 1271785
- Location: Pittsburgh, Pennsylvania
- Current Employer: Cambridge Investment Research, Inc.
- Previous Firms:Prospera Financial Services, Inc., and The Huntington Investment Company
- Number of Known Customer Complaints: 6
- Number of Known Termination Events: 1
- Can Alexander Kline Be Sued: Yes, in Private Arbitration
- Can Alexander Kline’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $110,000
If you have suffered investment losses by Alexander Kline, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Alexander Kline For Broker Misconduct
As of this publication date, Alexander Kline has been the subject of 6 customer disputes and 1 termination event. Let’s review them below.
In October 2023, a FINRA arbitration was filed against or in reference to Alexander Kline by a customer of Cambridge Investment Research alleging that Mr. Kline recommended unsuitable investments. The claimant suggests the investments were misrepresented to him. Per the customer, he lost over $500,000 because of Mr. Kline’s actions. As of this publication date, this claim remains pending.
In September 2021, a complaint was filed against or in reference to Alexander Kline by a customer of Cambridge Investment Research alleging that the client is unable to redeem the alternative investments that were sold by Mr. Kline. On September 15, 2021, Mr. Kline settled the claim for $41,585.27.
In November 2011, The Huntington Investment Company terminated Alexander Kline for sending out a switch letter without completing the document with required information.
In June 2008, a FINRA arbitration was filed against or in reference to Alexander Kline by multiple customers of Walnut Street Securities alleging that purchase of investments were unsuitable based on their objectives and were sold to generate commissions. Per the customers, they lost over $48,813 because of Mr. Kline’s actions. On October 17, 2008, Mr. Kline settled the claim for $9,900, and some or all of this amount may have been paid by Mr. Kline’s employer and/or insurance carrier.
In January 2005, a NASD arbitration was filed against or in reference to Alexander Kline by multiple customers of Walnut Street Securities alleging that purchase of individual securities and mutual funds were unsuitable. Per the customers, they lost over $150,000 because of Mr. Kline’s actions. On March 21, 2007, Mr. Kline settled the claim for $60,000, and some or all of this amount may have been paid by Mr. Kline’s employer and/or insurance carrier.
In January 2004, a NASD arbitration was filed against or in reference to Alexander Kline by multiple customers of Walnut Street Securities alleging that the mutual funds and stocks in which they were invested were unsuitable. Per the customers, they lost over $162,440 because of Mr. Kline’s actions. On June 23, 2005, Mr. Kline settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Kline’s employer and/or insurance carrier.
In November 2000, a NASD arbitration was filed against or in reference to Alexander Kline by a customer of Walnut Street Securities alleging misrepresentation and breach of contract and fiduciary duty in recommending the purchase of municipal bonds. Per the customer, he/she lost over $88,242.50 because of Mr. Kline’s actions. On March 11, 2002, Mr. Kline settled the claim for $110,000, and some or all of this amount may have been paid by Mr. Kline’s employer and/or insurance carrier.
How To File A Claim Against Alexander Kline of Cambridge Investment Research, Inc. (previously with Prospera Financial Services, Inc., and The Huntington Investment Company) To Get Your Money Back
If you have questions about Alexander Kline, Cambridge Investment Research, Inc., Prospera Financial Services, Inc., The Huntington Investment Company, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.