Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

J.P. Morgan Securities Broker Robert Owen Klein Subject of Multiple Customer Complaints

In December of 2014, we posted a blog regarding allegations against J.P. Morgan Securities, LLC and one of the firm’s registered representatives, Robert Owen Klein (CRD# 1254422). At the time, Klein was accused of investing roughly 40% of his clients’ assets in short selling treasury bonds. As a result, the concentrated investments resulted in over $1 million in losses for the clients.

Since our last blog, Klein has been the subject of additional customer complaints, including one in which a client alleges breach of fiduciary duty, breach of contract, negligence, and making unsuitable investment recommendations.

In October of 2015, a customer complaint against J.P. Morgan Securities LLC. alleged losses of $1.75 million for Klein’s misrepresentation, breach of fiduciary duty in connection with unsuitable investments, improper allocation of assets, misrepresentation, and omissions of information. The customer was awarded $1,150,141.60 in an arbitration against Klein’s member firm, J.P. Morgan Securities LLC., as a result of his alleged misconduct.

According to his BrokerCheck report provided by the Financial Industry Regulatory Authority (FINRA), Klein has been the subject of 11 total customer complaints.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram