Paul Blum– Customer Complaints and Arbitration Claims Alleging Unsuitable Trading

Paul Vincent Blum Allegedly Engaged in Unsuitable Trading

Have you or a loved one invested your hard-earned money with Paul Blum?

Paul Blum fell under a FINRA investigation in 2017 regarding allegations regarding customer complaints and arbitration claims alleging, among other things, unsuitable trading, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Paul Vincent Blum’s alleged unsuitable trading are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Paul Vincent Blum’s alleged unsuitable trading.

Blum has allegedly 23 customer complaints with many of them purportedly concerning his recommendations of energy sector investments to clients who had not wanted to speculate or were unwilling to hold high levels of risk which is known to exist in the energy sector, according to the aforementioned AWC.

Several of said complaints have been settled by Blum’s employers, including RBC, the AWC notes, and other clients have also make accusations against Blum regarding alleged misrepresentations concerning bonds, and including the taxable nature of certain bonds, the AWC reports.

Paul Blum Barred by FINRA

Paul Blum, on July 21, 2017, allegedly received a written request for on-the-record testimony from FINRA staff pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

As stated in Blum’s counsel’s email to FINRA of July 25, 2017, Blum acknowledges that he received FINRA’s request and would not appear for on-the-record testimony in front of FINRA, the AWC notes.

Blum, as a result of his failure to cooperate in the regulatory investigation of FINRA, allegedly violated FINRA Rules and thus has been barred from association with any FINRA member, which would include any and all securities brokerages in the United States, the AWC reports.

Blum first became associated with a FINRA member firm in August 1981, and in October 2009, Blum allegedly became registered with RBC Capital Markets, LLC until RBC Capital terminated Blum’s registration on November 11, 2015, the AWC states.

One should also note that, according to the AWC, Paul Blum neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Paul Vincent Blum’s alleged unsuitable trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Paul Vincent Blum’s alleged unsuitable trading may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.