Haselkorn & Thibaut has opened an investigation into former Brooklyn, NY-based financial advisor Edgar A. Kleydman (CRD 2727571), who was most recently registered with MML Investors Services, LLC. If you worked with Edgar Kleydman and have questions about your investments, now is a critical time to understand your options and potential for financial recovery.
Who Is Edgar A. Kleydman?
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Edgar A. Kleydman is a former New York City-area financial advisor with a career spanning a number of large broker-dealers. Mr. Kleydman started his career in 1996 and, over the years, was affiliated with the following registered firms in the securities industry:
- MML Investors Services, LLC (Most recent before bar)
- AXA Advisors, LLC
- J.P. Morgan Securities LLC
- Chase Investment Services Corp.
- Capital One Investment
Currently, Kleydman is barred from acting as a broker by FINRA, which means he cannot be associated with any FINRA member firm or offer securities-related investment advice. He last worked with MML Investors Services, LLC before his bar.
Haselkorn & Thibaut is now offering free consultations for investors nationwide who may have suffered losses or have concerns related to Edgar A. Kleydman’s recommendations and conduct.
Regulatory Bar and BrokerCheck Summary
The most significant professional update regarding Mr. Kleydman is his permanent bar from association with any FINRA member, as reflected on his FINRA BrokerCheck profile.
| Name | Edgar A. Kleydman |
|---|---|
| CRD Number | 2727571 |
| Latest Employer | MML Investors Services, LLC |
| Other Firms | AXA Advisors, LLC; J.P. Morgan Securities LLC; Chase Investment Services Corp.; Capital One Investment |
| Status | Barred from FINRA (no current broker-dealer) |
| Location | Brooklyn, NY |
Complaints and Disclosures Against Edgar Kleydman
According to public records and regulatory data, Edgar A. Kleydman has amassed a notable history of customer complaints, including both settled and pending disclosures. These disciplinary matters may include allegations of failure to supervise, unsuitable investment recommendations, misrepresentation, and unauthorized trading.
Summary of Complaints:
- Multiple customer disputes involving allegations of investment losses, unsuitability, and misrepresentation.
- Disclosures involving allegations of improper sales practices, product misrepresentation, and excessive trading activity in customer accounts.
- Regulatory action by FINRA resulting in a permanent bar for failing to comply with requests regarding alleged conduct.
Common Themes in Disclosures:
- Alleged unsuitable investment recommendations – making suggestions that may not align with the client’s financial goals, risk tolerance, or personal circumstances.
- Misrepresentation and omissions – failure to fully disclose critical risks or characteristics about certain investment products.
- Failure to supervise – failures in oversight that may have allowed misconduct to occur in client accounts.
It is essential for investors to understand the nature and outcome of these complaints:
| Date Reported | Allegation | Status/Outcome |
|---|---|---|
| Various | Unsuitable recommendations, misrepresentation, and unauthorized trading | Disclosed on FINRA; some settled, others denied or closed with no action |
| 202X | Failure to respond to FINRA requests | Permanent bar from industry |
If you believe that you were impacted by similar actions, it’s important to review your investment portfolio and transactions as soon as possible.
Red Flags for Investors – What to Watch For
Red flags often associated with FINRA-barred advisors like Edgar A. Kleydman include:
- High frequency of customer complaints and settlements
- Regulatory bars or permanent restrictions from industry self-regulatory bodies
- A pattern of employment history at multiple broker-dealers over a short timeframe
- Allegations of undisclosed conflicts of interest or improper product sales
While not all customer complaints indicate wrongdoing, recurring issues and regulatory discipline should prompt careful review and consideration for affected investors.
Haselkorn & Thibaut’s experienced team can help you identify and address any red flags in your account history or advisor correspondence.
What Should Investors Do Next?
If you were a client of Edgar A. Kleydman at any point during his tenure at MML Investors Services or any previous broker-dealer, you may be entitled to recover lost funds. It’s important to understand your rights and work with a trusted legal team to evaluate your claim. Time limits (statutes of limitation) may apply, so early action is critical for the best outcome.
Haselkorn & Thibaut is a national law firm with over 50 years of combined experience in securities law. Their investor advocates have recovered millions of dollars for clients nationwide, with a 98% success rate. They offer risk-free consultations—if there is no recovery, there is no fee.
Contact Haselkorn & Thibaut for a Free Consultation
If you have concerns about investment losses or believe you were affected by practices associated with Edgar A. Kleydman at MML Investors Services or his other broker-dealers, contact Haselkorn & Thibaut immediately for a free, confidential consultation at 1-888-885-7162 . Their team will review your account, provide honest advice, and help you chart a path to possible recovery. Remember, you have rights as an investor—don’t wait to learn how you can protect and recover your hard-earned assets.
Take the first step toward securing your financial future—call Haselkorn & Thibaut at 1-888-885-7162 or visit investmentfraudlawyers.com for your free case review.
