Paul Blum, formerly of RBC Capital Markets, Barred from Securities Industry
Have you lost money with financial advisor Paul Blum of West Palm Beach, Florida? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Paul V. Blum. FINRA barred Blum from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Blum after he was alleged to have engaged in unsuitable trading. A review of his BrokerCheck report discloses that Blum sold a number of oil and energy bonds, including those for Swift Energy co., Basic Energy Services, Inc., Alpha Natural Resources, and RRI Energy.
Paul Blum was a financial advisor and registered representative of RBC Capital Markets from October 2009 to November 2015. He worked at a branch office in West Palm Beach, Florida. Blum has been the subject of twenty three customer complaints, many complaining about oil and energy investments (like Swift Energy co., Basic Energy Services, Inc., Alpha Natural Resources, and RRI Energy) and Puerto Rico bonds.
Brokerage firms like RBC Capital Markets have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle, Washington area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Florida. Attorney David Neuman is licensed to practice law in Florida and has represented numerous investors throughout southeastern Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including RBC Capital Markets.
Click to view: Blum, Paul FINRA AWC
Click to view: Blum, Paul BrokerCheck 8.15.17
If you lost money with Paul Blum or RBC Capital Markets, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.