Michael Christopher Blando (CRD #6990813) Was Permitted to Resign After Allegations

Michael Christopher Blando (CRD #6990813) has been the subject of disclosure events reported on Michael Christopher Blando’s FINRA BrokerCheck. According to Michael Christopher Blando’s FINRA BrokerCheck report accessed on January 14, 2026, Michael Christopher Blando has been the subject of one employment separation disclosure. If you invested with Michael Christopher Blando and you have concerns about his activity, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment separation after allegations

Michael Blando’s FINRA BrokerCheck report reflects that on December 2, 2025, Clear Street LLC permitted Michael Blando to resign. The disclosure states that, based on an internal review of Michael Blando’s Bloomberg communications, it appeared that Michael Blando copied and forwarded Bloomberg customer communications to an employee of another broker. The disclosure further states that the messages contained disparaging commentary about other clients, rather than the disclosure of confidential or material nonpublic information. The disclosure states that Michael Blando was permitted to resign for violating industry standards of conduct.

Rule summary #1: FINRA Rule 1010(e)

FINRA Rule 1010(e) addresses electronic filing requirements for Uniform Forms and related processes. Form U5 filings are one of the mechanisms that can generate employment-separation disclosures that appear on BrokerCheck.

Rule summary #2: FINRA Rule 4530

FINRA Rule 4530 establishes reporting requirements for member firms, including reporting certain events to FINRA within specified timeframes. These reporting obligations can be relevant when a firm’s internal review results in conduct-related findings tied to standards of conduct.

Why this matters to investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background information (from BrokerCheck)

Based on his BrokerCheck report, Michael Blando reportedly:

• Is not currently registered with a brokerage firm.
• Has passed the Series 99TO, SIE, Series 7, and Series 66 exams.
• Was previously registered with Clear Street LLC and U.S. Sterling Securities, Inc.

Kurta Law Can Help

If you have worked with Michael Blando and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved.

Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

Helpful resources: Form U5 | Stockbroker Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable—because investors should not have to sit quietly while alleged misconduct and securities fraud go unchecked. Start your recovery process today.