April 12, 2023

FINRA Sanctions Archie Blood

finra fines and suspends broker by soreide law group

Soreide Law Group is looking into possible investor claims against securities broker Archie Abel Blood Jr. (also known as Bud Blood) (CRD: 1861277, Holland, Michigan). Particularly, FINRA sanctioned the securities broker, who worked for Cambridge Investment Research Inc. Allegedly, Blood engaged in private securities transactions. Here is a brief summary of FINRA’s allegations against Blood.

FINRA Sanctions Archie Blood For Private Securities Transactions

Evidently, on February 1, 2023, FINRA issued Case: 2021071992801, sanctioning Archie Blood for infractions. Specifically, Blood agreed to pay a $4,000 fine and serve a four-month suspension as a securities broker. Particularly, FINRA alleged that Blood engaged in private securities transactions involving $400,000 in unit purchase agreements.

Recent Employment Information

  • Blood stopped working for Cambridge Investment Research Inc. on November 4, 2021.

Damages Resulting From Cambridge Investment Research Inc. Securities Broker Archie Blood?

Have you experienced damages due to the actions of Archie Blood? If you have, then you can contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Blood and brokerage firms Blood worked for deny all allegations of sales practice violations.

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