Broker Investigation: Charles Lewis Bloom

Broker Investigation Charles Lewis BloomCharles Lewis Bloom (CRD#:4144108) is a previously registered investment broker. From 2016 to 2018, Mr. Bloom was employed at Chelsea Financial Services in Royal Palm Beach, Florida. Before that, this broker worked at International Assets Advisors (2015) and IAA Financial LLC (2014 to 2015).

On July 17th, 2018, Mr. Bloom was barred by FINRA from the securities industry. This enforcement action was taken due to this broker’s failure to cooperate with an investigation into allegations that he engaged in an unsuitable pattern of trading within at least three different customer brokerage accounts.

Allegations of Unsuitable Investments: Charles Lewis Bloom

According to FINRA’s complaint, regulators launched an investigation into allegations that Charles Lewis Bloom engaged in a pattern of unsuitable trading in October of 2017. Under FINRA Rule 2111, registered representatives are required to ensure that all investment advice, investment strategies, recommendations, and trades are reasonably suitable for the needs and goals of their individual customers.

Former Chelsea Financial Services broker Charles Lewis Bloom declined to cooperate with FINRA’s investigation into the allegations raised against him. Under securities industry rules, all registered brokers must provide documents and testimony when requested by regulators. Without admitting to or denying wrongdoing, Mr. Bloom consented to FINRA’s proposed penalties: a permanent bar from the securities industry.

Consult With an Unsuitable Investments Lawyer

At Sonn Law Group, our investment fraud lawyers have deep experience handling unsuitable investment claims. If you lost money due to unsuitable investment recommendations, please contact us today for a free consultation.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

Rate this post:

1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading...