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Peter J. Klein- Hightower Securities Broker- Discloses $1.7M in Pending Customer Disputes -Melville, NY

Peter J. Klein- Hightower Securities Broker- Discloses $1.7M in Pending Customer Disputes -Melville, NY

Peter J. Klein- Hightower Securities Broker- Discloses $1.7M in Pending Customer Disputes -Melville, NY 150 150 ER

Peter J. Klein Investigation

April 2022- Melville, NY

According to publicly available records,  Peter Klein, a broker with Hightower Securities in Melville, NY discloses 3 pending customer complaints.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 3/2021, FINRA case #21-00751, filed by a Hightower Securities customer, alleges certain sales practice violations, including violation of suitability obligations, in connection with a private placement recommended by Klein. The customer seeks damages of $600,000 in this currently pending matter.

In 2/ 2021, FINRA case #21-00494,  filed by a Hightower Securities customer, alleges certain sales practice violations, including violation of suitability obligations, in connection with a private placement recommended by Klein.The customer seeks damages of $500,000 in this currently pending matter.

In 9/ 2020, FINRA case #20-03332, filed by a Hightower Securities customer, alleges failure to supervise, unsuitability, breach of fiduciary duty, negligence, misrepresentation/omission, and violation of FINRA Rule 2010. The customer seeks damages of $600,000 in this currently pending matter.

Klein has been employed by Hightower Securities since November of 2013.    Before that time he was UBS Financial Services since August of 1994.

If you have questions about an account handled by Peter J. Klein, call to speak with an experienced securities attorney. No charge for initial consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

Toll Free: 877-224-3199

Florida-561 391 1900 

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