Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on October 22, 2018 indicate that Florida-based International Assets Advisory broker Russell Blum, who has received a customer dispute, recently resigned from his former employer in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Blum (CRD# 1276754).
Russell Blum has spent 34 years in the securities industry and has been registered with International Assets Advisory in Boca Raton, Florida since September 2018. Previous registrations include SunTrust Investment Services in Boca Raton, Florida (2015-2018); Wells Fargo Advisors in Boca Raton, Florida (2003-2015); Prudential Securities in New York, New York (2001-2003); Salomon Smith Barney in New York, New York (1993-2001); Lehman Brothers in New York, New York (1984-1993); and IDS Marketing Corporation (1984). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 18, 1992; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 18, 1984; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2019; Series 3 (National Commodity Futures Examination), which he obtained on October 29, 1984; Series 7 (General Securities Representative Examination), which he obtained on September 15, 1984; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 18, 1984; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on February 18, 1997. He is currently not registered as a broker with any US state.
According to his BrokerCheck report, he has received one customer complaint and one denied customer complaint, and he recently resigned from a former employer in connection to alleged rule violations.
In August 2018 he was “permitted to resign” from his position at SunTrust Investment Services in connection to allegations he failed to follow firm procedures concerning “updates to his former Investment Advisor brochure supplement.”
In 2016 a customer alleged Russell Blum, while employed at Wells Fargo Advisors, misrepresented and recommended unsuitable “oil and gas stocks and low-priced speculative securities” that resulted in an over-concentration in the account. The complaint settled in 2017 for $25,000.
If you have lost money investing with Russell Blum, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.