Advisor Alert: Our Attorneys Are Investigating Russell Scott Blum For Investment Fraud
Did You Lose Money Because of Russell Blum?
Filed: February 9, 2024
Russell Blum has been the subject of three (3) customer complaints, one (1) termination event, and one (1) criminal event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Russell Scott Blum.
Who Is Russell Scott Blum of International Assets Advisory, LLC and International Assets Investment Management, LLC?
- Advisor Name: Russell Scott Blum
- Aliases: Russell Blum
- CRD: 1276754
- Location: Vero Beach, Florida
- Current Employer: International Assets Advisory, LLC and International Assets Investment Management, LLC
- Previous Firms: Suntrust Advisory Services, Inc. and Suntrust Investment Services, Inc.
- Number of Known Customer Complaints: 3
- Number of Known Termination Events: 1
- Number of Known Criminal Events: 1
- Can Russell Blum Be Sued: Yes, in Private Arbitration
- Can Russell Blum’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,369,000
- Highest Settlement: $25,000
If you have suffered investment losses by Russell Blum, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Russell Blum For Broker Misconduct
As of this publication date, Russell Blum has been the subject of 1 termination event, 3 customer disputes, and 1 criminal event. Let’s review them below.
In June 2020, a FINRA arbitration was filed against or in reference to Russell Blum by a customer of Suntrust Investment Services, Inc. alleging that Mr. Blum over-concentrated her portfolio in unsuitable investments. On June 7, 2021, Mr. Blum settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Blum’s employer and/or insurance carrier.
In August 2018, Suntrust Investment Services, Inc. terminated Russell Blum for not following firm procedure regarding updates to his Investment Advisor brochure supplement
In May 2016, a FINRA arbitration was filed against or in reference to Russell Blum by a customer of Wells Fargo Advisors, LLC alleging that the investment recommendations made in or about 2004 over-concentrated his account in oil and gas stocks and low-priced speculative securities which were misrepresented and unsuitable. On May 16, 2017, Mr. Blum settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Blum’s employer and/or insurance carrier.
In May 2016, a complaint was filed against or in reference to Russell Blum by a customer of Suntrust Investment Services, Inc. alleging that following Mr. Blum’s reasoning resulted in his holding investments which resulted in loss to his accounts. Per the customer, he lost over $1,369,000 because of Mr. Blum’s actions.
In December 1985, misdemeanor charges were pressed against Mr. Blum in the Amherst County Courthouse, New York for attempted petit larceny.
How To File A Claim Against Russell Blum of International Assets Advisory, LLC and International Assets Investment Management, LLC (previously with Suntrust Advisory Services, Inc. and Suntrust Investment Services, Inc.) To Get Your Money Back
If you have questions about Russell Blum, International Assets Advisory, LLC, International Assets Investment Management, LLC, Suntrust Advisory Services, Inc., Suntrust Investment Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.