Paul Vincent Blum, Former Broker with RBC CAPITAL MARKETS, LLC of West Palm Beach Barred by FINRA

Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s website under “Disciplinary and Other FINRA Actions October, 2017,” which is available to the public, regarding Florida broker: 
Paul Vincent Blum (CRD #735003, Jupiter, Florida)
Blum was was barred by FINRA for allegedly refusing to appear for FINRA on-the-record testimony during the course of an investigation in connection with client complaints and arbitration claims alleging, among other things, unsuitable trading.
(FINRA Case #2016048384802)
According to FINRA’s BrokerCheck, Paul Vincent Blum, has 24 Disclosures on his report, 23 of which are “Customer Disputes” dating back to 1995.  A few of the more recent pending allegations are as follows:
-Client alleges unsuitable recommendations leading to an over-concentration of energy bonds and Puerto Rico municipal bonds. Estimated period is 2009 to 2015.  The damage amount requested is $250,000.
- Claimants alleges that the representative was involved as an intermediary or conduit in alleged unsuitable recommendations of energy sector corporate bond investments, in an unknown time period.  The damage amount requested is $525,000.
- Clients allege financial consultant recommended unsuitable corporate energy bonds, in period 5/2013 to 9/2015. The damage amount requested is $200,000.
- Claimants alleges that the representative was involved as an intermediary or conduit in alleged unsuitable recommendations of energy sector corporate bond investments. The damage amount requested is $6,000,000.
- Client alleges claims that the client's account was excessively traded and was concentrated in oil and gas bonds. Recent time frame is 2014 to 2016.  The damage amount requested is $300,000.
- Claimant alleges that the representative was involved as an intermediary or conduit in unsuitable recommendations of energy sector corporate bond investments. The damage amount requested is $2,250,000.
FINRA has barred Paul Vincent Blum from acting as a broker or otherwise associating with firms that sell securities to the public.
According to FINRA’s BrokerCheck, Paul Vincent Blum was in the securities industry for 34 years, and listed with 4 firms, the two most recent are below:
0/09/2009 - 11/11/2015  RBC CAPITAL MARKETS, LLC - WEST PALM BEACH, FL
02/04/1991 - 10/09/2009  J.B. HANAUER & CO - WEST PALM BEACH, FL
If you were a client of former RBC CAPITAL MARKETS, LLC of WEST PALM BEACH, FL, broker Paul Vincent Blum, and experienced losses, particularly in the energy sector, contact Soreide Law Group, conveniently based in Pompano Beach, Florida, and speak to an experienced securities lawyer at no cost, regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationwide.  We operate on a contingency fee basis.  Let our years of experience work for you.