NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Ronald Gabriel Klebba
AWC/2008014974201

Klebba financially exploited elderly women by convincing them to grant him general power-of- attorney and to sign a document waiving any conflict of interest that Klebba might have. Klebba also had the elderly women name him as

• beneficiary on assets,
• a joint owner on bank accounts,
• joint tenant on a warranty deed for real estate.

Klebba also had the elderly women give him a $50,000 gift from the proceeds of the sale of a condominium.

Klebba’s acts directly violated his employer’s rules prohibiting registered representatives from being the beneficiary of a contract policy or from accepting a grant of power-of-attorney from customers.

Ronald Gabriel Klebba : Barred

Tags: Elderly  Power Of Attorney