Mitchell Bloom Fired from FourStar Wealth Advisors

Mitchell Bloom (CRD #: 1682361), a broker formerly registered with Cetera Advisor Networks, has been fired from an investment advisory firm, according to his BrokerCheck record, accessed on March 26, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

Termination from FourStar Wealth Advisors

On February 13, 2025, Mitchell Bloom was fired from FourStar Wealth Advisors after allegedly failing to disclose his dual registration with another investment advisory firm.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

California Regulatory Action

On November 25, 2019, the State of California Department of Insurance suspended Mitchell Bloom’s insurance license. The Department of Insurance alleged that he failed to notify the Department of a disciplinary action taken by FINRA in a timely manner.

Michell Bloom’s insurance license was suspended from January 13 to February 12, 2020.

Bar by FINRA

On February 6, 2019, Mitchell Bloom consented to the entry of findings that he allegedly refused to appear for testimony requested by FINRA. 

This testimony was allegedly requested in connection with an investigation into a Uniform Termination Notice for Securities Industry Registration (Form US) filed by Cetera Advisor Networks, which alleged that he participated in a private securities transaction and outside business activity without firm approval.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to disclose any business activities they engage in outside their firm, as well as any compensation they may receive from these activities.

Sanctions

FINRA permanently barred Mitchell Bloom on February 6, 2019. You can access the full AWC here.

Other business activities

Mitchell Bloom discloses the following outside business activities on his detailed BrokerCheck page:

• Owner of Bloom Life, LLC, which offers life insurance and annuities
• Owner of Alterna Card Services, where he provides sales and marketing services
• Owner and investment adviser representative at Bloom Financial, providing wealth management services

Termination from Cetera Advisor Networks

On November 1, 2017, Mitchell Bloom was fired from Cetera Advisor Networks following allegations that he violated firm policies by participating in a private securities transaction and engaging in an outside business activity without firm approval.

Background Information

Mitchell Bloom has passed the following exams:

• Securities Industry Essentials Examination – SIE
• National Commodity Futures Examination – Series 3
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63

In the past, he has worked for the following firms:

• Cetera Advisor Networks (CRD#:13572)
• QA3 Financial CORP. (CRD#:14754)
• Multi-Financial Securities Corporation (CRD#:10299)
• FSC Securities Corporation (CRD#:7461)
• WMA Securities (CRD#:32625)
• First Associated Securities Group (CRD#:20597)
• Consolidated Investment Services (CRD#:7929)
• Schneider Securities (CRD#:16434)
• Geldermann Securities (CRD#:6731)
• Marshall Davis (CRD#:16278)

Kurta Law Can Help

If you worked with Mitchell Bloom and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.