Charles Lewis Bloom Allegedly Engaged in an Unsuitable Pattern of Trading in at Least Three Customer Accounts
Charles Bloom allegedly engaged in an unsuitable pattern of trading in at least three customer accounts, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) under review by attorney Alan Rosca.
Charles Bloom, of Royal Palm Beach, Florida, served as a financial advisor and registered representative for Chelsea Financial Services from January 2016 to July of 2018, the AWC notes.
Chelsea Financial Services, on July 5, 2018, allegedly filed a Uniform Termination Notice for Securities Industry Registration reporting that Bloom’s employment was voluntarily terminated on July 5, 2018, the AWC notes.
Bloom has also worked with International Assets Advisory (IAA) from April 2014 to December 2015, the AWC reports. Bloom has also been the subject of two customer complaints, including one alleging the sale of a REIT (real estate investment trust) which requested $99K in damages, and is still pending, according to Bloom’s BrokerCheck Report.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Charles Bloom’s alleged unsuitable pattern of trading. Investors who believe they may have lost money in activity related to Charles Bloom’s alleged unsuitable pattern of trading are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Charles Bloom Barred by FINRA; Bloom Allegedly Failed to Respond to a FINRA Investigation
Charles Bloom fell under the scope of a FINRA investigation but allegedly failed to respond to FINRA’s request for information, according to the aforementioned AWC under review by attorney Alan Rosca.
Bloom, for allegedly failing to respond, has been barred from the securities industry by FINRA, the AWC notes.
In 2008, FINRA also suspended Bloom from associating with any FINRA member firm in any capacity for 20 business days and fined him $5,000 for allegedly settling a customer complaint without the knowledge or approval of his firm, in violation of NASD Rules, the AWC reports.
Bloom is not currently associated with a FINRA member firm, but remains subject to FINRA’s jurisdiction, the AWC notes.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Charles Bloom’s alleged unsuitable pattern of trading. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Charles Bloom’s alleged unsuitable pattern of trading may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.