Harlan Kleiman Fined and Suspended from Securities Industry in Connection with Sale of Amazon 13-30 Interests

Rochester stockbroker fraud attorneyHarlan Kleiman, formerly associated with Shoreline Pacific LLC, was sanctioned by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that Kleiman failed in his supervisory duties.

The Peiffer Wolf securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter.

Shoreline Agrees to Place Amazon Exploration Securities

Shoreline executed an engagement agreement with an oil and gas program sponsor, Amazon Exploration, in August 2012, in which Shoreline agreed to act as placement agent for up to $2,250,000 in partnership interests issued by Amazon 13-30, according to FINRA.

Kleiman Accused of Supervisory Deficiencies Related to Amazon 13-30 Offering

Kleiman was the principal responsible for supervising Shoreline’s private placement business and the supervisor of the registered representative primarily responsible for placing the securities, according to FINRA. Kleiman failed to supervise the Amazon 13-30 offering or the registered representative placing the securities in a manner reasonably designed to achieve compliance with the regulatory rules that are designed to protect investors, according to FINRA.

Kleiman consented to being fined $10,000 and a two month suspension from his role as a principal in the securities industry without denying or admitting FINRA’s findings.

The Peiffer Wolf securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.

Broker: Harlan Kleiman

Status: INVESTIGATED by Peiffer Wolf.

For brokercheck report and additional info click here!

Peiffer Wolf (1296 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.