Klein, Charles U. of Clearwater, FL

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Klein’s AICPA membership was suspended for two years, effective December 10, 2015, in connection with the disciplinary action taken by the Securities and Exchange Commission (SEC). Specifically, through an “Offer of Settlement”, and without admitting or denying the charges, the SEC denied Mr. Klein the privilege of appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after two years from the effective date of the SEC’s Order for violating the independence rules of the Federal securities laws and the rules and regulations thereunder, whereby, Mr. Klein was not independent of three public company audit clients that he audited in 2012 and 2013.