Paul Blum – Financial Advisor Paul Blum Barred from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Paul Blum CRD #735003
Paul Blum was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) in August 2017 for refusing to appear for on-the-record testimony during an investigation regarding customer complaints and arbitration claims alleging, among other things, unsuitable trading.
Prior to this action, according to FINRA, several arbitration claims were filed in 2016 alleging that Paul Blum recommended unsuitable investments while employed with RBC Capital Markets, LLC. RBC Capital Markets, LLC settled many of these arbitration claims involving alleged misconduct by Paul Blum. The largest settlements for these claims were for $393,000, $220,000, $162,500, and $150,000.
FINRA also reports that nine arbitration claims involving Paul Blum and RBC Capital Markets, LLC are currently pending. The largest alleged damages in these pending arbitration claims involving Paul Blum are $6,000,000, $2,250,000, and $886,070.00.
If you lost any money on investments with Paul Blum while he was employed with RBC Capital Markets, LLC, you may be able to recover your losses from RBC Capital Markets, LLC. This is because RBC Capital Markets, LLC had a duty to supervise Paul Blum.
We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against RBC Capital Markets, LLC concerning Paul 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 Paul 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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