Advisor Alert: Our Attorneys Are Investigating Martin A Klein III For Investment Fraud
Did You Lose Money Because of Martin Klein III?
Filed: March 18, 2024
Martin Klein III (also known as Martin Adalbert Klein III, Martin Adalbert Klein, Martin A Klein III III) currently has two (2) pending customer complaints. Overall, he has been the subject of five (5) customer complaints. 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 Martin A Klein III.
Who Is Martin A Klein III of RBC Capital Markets, LLC?
- Advisor Name: Martin A Klein III
- Aliases: Martin Adalbert Klein III, Martin Adalbert Klein, Martin A Klein III III
- CRD: 1778613
- Location: Newport Beach, California
- Current Employer: RBC Capital Markets, LLC
- Previous Firms: J.P. Morgan Securities LLC and Morgan Stanley & Co., Incorporated
- Number of Known Customer Complaints: 5
- Can Martin Klein III Be Sued: Yes, in Private Arbitration
- Can Martin Klein III’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $24,000,000
- Highest Settlement: Unknown
If you have suffered investment losses by Martin Klein III, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement 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 Martin Klein III For Broker Misconduct
As of this publication date, Martin Klein III has been the subject of 5 customer disputes. Let’s review them below.
In October 2022, a FINRA arbitration was filed against or in reference to Martin Klein III by a customer of RBC Capital Markets, LLC alleging that Mr. Klein made unsuitable recommendations to purchase governmental agency bonds for his portfolio between September 2016 and June 2022, and misinformed him of their potential risk related to rising interest rates. Per the customer, he lost over $24,000,000 because of Mr. Klein’s actions. As of this publication date, this claim remains pending.
In October 2022, a FINRA arbitration was filed against or in reference to Martin Klein III by a customer of RBC Capital Markets, LLC alleging that Mr. Klein made unsuitable recommendations to purchase governmental agency bonds for his portfolio between December 2020 and November 2021, and misinformed him of their potential risk related to rising interest rates. Per the customer, he lost over $10,000,000 because of Mr. Klein’s actions. As of this publication date, this claim remains pending.
In November 2011, a complaint was filed against or in reference to Martin Klein III by a customer of J.P. Morgan Securities LLC alleging that Mr. Klein purchased mutual funds below the breakpoints, did not take advantage of staying within the same fund families and that the funds were unsuitable for the client’s risk tolerance.
In March 2011, a complaint was filed against or in reference to Martin Klein III by a customer of J.P. Morgan Securities LLC alleging that Mr. Klein failed to monitor bond prices and notify him accordingly as per his instruction. Per the customer, he lost over $1,853,960 because of Mr. Klein’s actions.
In September 2001, a complaint was filed against or in reference to Martin Klein III by a customer of Morgan Stanley alleging that Mr. Klein neglected to call the client between November 2000 and February 2001 while the market value of her account was declining. Per the customer, she lost over $26,000 because of Mr. Klein’s actions.
How To File A Claim Against Martin Klein III of RBC Capital Markets, LLC (previously with J.P. Morgan Securities LLC and Morgan Stanley & Co., Incorporated) To Get Your Money Back
If you have questions about Martin Klein III, RBC Capital Markets, LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co., Incorporated, 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.