Silver Law Group is Pursuing Claims Related to Former RBC Broker Paul Blum

Silver Law Group is investigating claims related to Paul Vincent Blum (CRD # 735003), a West Palm Beach, Florida, broker who was registered with RBC Capital Markets, LLC, from October 2008 until his termination in October 2015. RBC terminated Blum’s registration with the firm, putting his reason for discharge as due to “loss of confidence.” Silver Law Group recently was retained to file a FINRA arbitration claim on behalf of one of Blum’s former clients, who alleges that he has experienced significant investment losses stemming from Blum’s unsuitable recommendation to make concentrated investments in oil and gas.

We are currently investigating multiple claims against brokerage firms and stockbrokers for improperly recommending the unsuitable sale of energy stocks, bonds and MLPs frequently in large or overconcentrated positions. Some of the companies include:

• Linn Energy
• Sandridge
• Swift Energy Co.
• Seadrill Ltd.

Many of our clients are retired or were seeking income and allege that they were advised these were safe and secure investments. A stockbroker must have a reasonable basis for making a recommendation and many investors may have a claim if an advisor overconcentrates an account in a particular sector such as oil and gas stocks or MLPs.

Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.