Goodman & Nekvasil P.A., May Recover Investor Losses | Joel Blum – Financial Advisor Joel Blum Suspended from Securities Industry
Joel Blum CRD #4905379
From 2008 until Joel Blum’s firing in 2014, Joel Blum was licensed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. Joel Blum is now licensed with Ameriprise Financial Services, Inc. According to FINRA’s records, Joel Blum was fired by Merrill Lynch, Pierce, Fenner & Smith Incorporated on February 4, 2014. Merrill Lynch, Pierce, Fenner & Smith reported to FINRA that Joel Blum’s firing related to conduct including failure to contact clients in advance of entering orders in non-discretionary accounts and mismarking order tickets as unsolicited.
Subsequent to Joel Blum’s firing by Edward Jones, FINRA investigated Joel Blum and brought a disciplinary action against Joel Blum. Joel Blum was fined $10,000 and suspended for 20 days from the securities and investment banking industry on March 10, 2015. FINRA reports that Joel Blum consented to the sanctions and to the entry of findings that Joel Blum executed discretionary transactions in the accounts of customers without written authorization to do so. The findings stated that Joel Blum also mismarked order tickets in connection with these transactions indicating that the trades were unsolicited when, in fact, the trades were solicited.
If you lost any money on investments with Joel Blum, you may be able to recover your losses from Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Ameriprise Financial Services, Inc. This is because Merrill Lynch, Pierce, Fenner & Smith Incorporated and Ameriprise Financial Services, Inc. had a duty to supervise Joel Blum.
If you lost money on investments with Joel Blum and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Ameriprise Financial Services, Inc. concerning Joel Blum’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Joel Blum and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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