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Mark Bloom Allegedly Recommended Unsuitable Investments

Mark Bloom (CRD #: 6933619), a broker registered with Avantax Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 23, 2024. Keep reading if you have questions. 

Investor Allegations 

On May 20, 2024, an investor alleged that Mark Bloom recommended unsuitable investments. The investor is seeking $160,000. 

Another dispute on his record settled for $45,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Background Information 

Mark Bloom has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 22 states and is a registered investment adviser in Georgia and Texas. 

During his six years of experience, Mark Bloom has registered with five firms: 

  • Avantax Investment Services (CRD #: 13686) 
  • Avantax Advisory Services (CRD #: 104556) 
  • LPL Financial (CRD #: 6413) 
  • IFG Advisory (CRD #: 168012) 
  • Edward Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Mark Bloom and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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