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 rosca@lawgsp.com, or through the contact form on this webpage.

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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 updates 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. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.