Mark Bloom Tied To Avantax Investor Dispute About Unsuitable Advice

Investors have reportedly disputed the sales practices of securities broker Mark James Bloom [CRD: 6933619, Atlanta, Georgia], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mark Bloom worked for Avantax Investment Services Inc. and Avantax Advisory Services from March 26, 2021, to September 5, 2025, and later registered with Cetera Wealth Services LLC and Cetera Investment Advisers LLC beginning on September 5, 2025. Keep reading to learn more about the client disputes and disclosures associated with Bloom’s professional history.

Avantax Investment Services Investor Accused Bloom Of Unsuitable Recommendations

Evidently, an Avantax Investment Services Inc. client filed FINRA Arbitration No. 24-01086 about Mark Bloom. Primarily, the client alleged that Bloom made unsuitable recommendations. For this reason, the client allegedly incurred damages linked to structured notes. As a result, on December 11, 2024, Avantax Investment Services Inc. settled this matter by paying the client $100,000 in damages.

Mark Bloom Disclosed Poor Performance Allegations By Avantax Investment Services Client

Specifically, a client of Avantax Investment Services Inc. disputed Bloom’s sales practices, according to a complaint. Allegedly, Bloom recommended investments which poorly performed. It appears that Bloom allegedly caused the client to incur damages relating to structured notes. Consequently, Avantax Investment Services Inc. opted to settle the matter on March 19, 2024, by compensating the client in the amount of $45,000.

Were You Impacted By Financial Advisor / Securities Broker Bloom?

Do you have concerns or questions regarding investments you made with Mark Bloom? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Bloom and brokerage firms Bloom worked for deny accusations of sales practice violations.