Charles Bloom, formerly with Chelsea Financial Services, Barred from Securities Industry

Have you lost money with financial advisor Charles Bloom of Royal Palm Beach, Florida?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Charles Lewis Bloom. FINRA barred Bloom from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Bloom regarding allegations of unsuitable trading patterns in at least three customer accounts.

Charles Bloom was a financial advisor and registered representative of Chelsea Financial Services from January 2016 to July 2018.  Bloom also worked with International Assets Advisory (IAA) from April 2014 to December 2015.  He worked at branch offices in Royal Palm Beach and West Palm Beach, Florida.  Bloom has been the subject of two customer complaints, including one alleging the sale of a REIT (real estate investment trust).

Brokerage firms like Chelsea Financial Services 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 Seattle, Washington.  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.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view:  Bloom, Charles FINRA AWC

Click to view:  Bloom, Charles BrokerCheck 7.18.18

If you lost money with Charles Bloom or Chelsea Financial Services, 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.