DID LARY DOUGLAS BLOOM CAUSE YOU INVESTMENT LOSSES?
Lary Bloom Of Wells Fargo Clearing Services Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Lary Bloom of Wells Fargo Clearing Services?
Lary Bloom (CRD #4134648) who is currently registered with Wells Fargo Clearing Services and located in Woodland Hills, California is a subject of one of our many securities industry sales practice abuse investigations.
Lary Bloom Customer Complaints
Lary Bloom has been the subject of 2 customer complaints that we know about. Both of Lary Bloom’s 2 customer complaints were settled in favor of investors.
Allegations Against Lary Bloom
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged that the options trading strategy recommended by Lary Bloom was unsuitable and that he was not advised of the risks.
- California client purchased 15,000.00 Wachovia Corp Call Warrants, Relative Perf, SPX/RTY (the warrants) at a price of 6.35 for a net amount of $95,250.00 for his trust account. The client stated that Lary Bloom allegedly purchased the warrants on improper information regarding the characteristics of the investment. The client further stated that when the warrants began to decline, he was told by Lary Bloom that his principal was protected and that if the warrants had no value on the maturity date, then he would receive his original principal back. The client stated that he subsequently was told that there is no principal protection associated with the warrants. The client has requested a full return of his original principal amount.
Lary Bloom Red Flags & Your Rights As An Investor
Of course, Lary Bloom did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Lary Bloom at Wells Fargo Clearing Services on alert to review carefully the activity and performance of their accounts and question whether Lary Bloom has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services Due To Lary Bloom
If you have questions about Wells Fargo Clearing Services and/or Lary Bloom and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.