RBC Capital Markets, LLC broker Martin Klein III (CRD# 1778613) faces complaints related to government debt losses. He has been registered with RBC Capital Markets, LLC in Newport Beach, California, since 2014.
Martin Klein III Customer Complaints
He has been the subject of five customer complaints between 2001 and 2022, three of which were denied, according to his CRD report. The most recent complaints were regarding:
October 2022. “The client alleged the advisor 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.” The customer is seeking $24,000,000 in damages, and the case is currently pending. The complaint is regarding government debt, and it took place while he was registered with RBC Capital Markets, LLC.
October 2022. “The client alleged the advisor 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.” The customer is seeking $10,000,000 in damages, and the case is currently pending. The complaint is regarding government debt, and it took place while he was registered with RBC Capital Markets, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, RBC Capital Markets, LLC may be liable for investment or other losses suffered by Martin Klein III’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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