RedFlags, Allegations and Complaints against Lora Michelle Bloom
Disclosure #1 for Lora Bloom
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- eventDate: 4/17/2008
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: THE CLIENT ALLEGED IN 1999 HE WAS TOLD THE SURRENDER CHARGES WOULD BE WAIVED ON SEPP DISTRIBUTIONS AND ALSO WAIVED FOR RETIREMENT DISTRIBUTIONS AFTER AGE 59 1/2.
- Damage Amount Requested: $19,000.00
- Arbitration Docket Number:
- Broker Comment: AT THE TIME OF THE ALLEGED MISREPRESENTATION I WAS A SALES CONSULTANT WITH THE RETIREMENT PLAN AREA OF THE SALES CONSULTING DIVISION. MY POSITION WAS TO ACT AS A STRATEGIC ADVISOR ABOUT IRA RETIREMENT PLAN STRATEGIES FOR AMERICAN EXPRESS FINANCIAL ADVISORS AS NEEDED. I HAVE NOT BEEN NAMED SPECIFICALLY IN THIS COMPLAINT. IT WAS THE FINANCIAL ADVISOR WHO PROVIDED MY NAME FROM CLIENT CONVERSATION NOTES. IT WAS NOT MY ROLE TO MAKE INVESTMENT RECCOMMENDATIONS,ASSIST IN ACCOUNT SET UP OR COMPLETION OF REQUIRED FORMS. THIS WAS THE RESPONSIBILITY OF THE FINANCIAL ADVISOR. THE FIRM WAS UNABLE TO CONCLUDE FACTUALLY THAT THE CORPORATE OFFICE PERSON WAS INVOLVED IN THIS TRANSACTION. WE WERE UNABLE TO SUBSTANTIATE THE CLIENT’S CLAIM HE WAS TOLD THE SURRENDER CHARGE WAIVER WAS FOR DISTRIBUTIONS NOT UNDER THE SEPP. THE SURRENDER CHARGES WERE WAIVED IN THE SEPP DISTRIBUTIONS. THE CONTRACT WAS WITHIN THE CLASS ACTION SETTLEMENT, AND THE CLIENT RECEIVED THE COURT AWARDED RELIEF. WE SENT THE CLIENT A LETTER WITH OUR FINDINGS.
Should I file a FINRA complaint against brokers like Lora Michelle Bloom?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
Update – 2022.11.15If you have suffered investment losses that may have been caused by Lora Michelle Bloom’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About Lora Michelle Bloom
What is Lora Bloom’s Central Registration Depository (CRD) Number?
Which firm is Lora Michelle Bloom associated with?
RBC CAPITAL MARKETS, LLC
Where is Lora Bloom located?
250 NICOLLET MALL, MINNEAPOLIS, MN, 55401-1931
Where can I find more details about Lora Bloom’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/31194 to read a detailed report for RBC CAPITAL MARKETS, LLC
Are there any disclosures, allegations or complaints filed against Lora Michelle Bloom?
Where can I download a detailed FINRA report for Lora Bloom?
Is it safe to do business with Lora Michelle Bloom?
We’re not sure. Please research Lora Bloom’s disclosures, allegations and complaints before taking a decision
Originally reported on November 16, 2022 @ 12:46 am
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