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Richard Blosser: FINRA Bars Pathfinder Advisor
Former Wedbush Securities financial advisor Richard Blosser (CRD# 1676712) was recently sanctioned by the Financial Industry Regulatory Authority and barred from acting as a broker. FINRA and Securities and Exchange Commission records show that the Los Angeles-based representative is still registered as an investment advisor with Axxcess Wealth Management and Pathfinder Wealth Advisors.
Mr. Blosser’s BrokerCheck report discloses his October 19, 2022 FINRA sanction. According to the disclosure, FINRA found that he “refused to provide on-the-record testimony requested by FINRA in connection with its investigation of trading in preferred stock and closed-end funds.” The request specifically concerned his purchases and sales of preferred stock and closed-end funds, the disclosure states, as well as Wells Fargo Clearing Services’ supervision of this activity. FINRA permanently barred him from associating with any FINRA member in any capacity.
A second disclosure on his BrokerCheck report describes an investor complaint filed in 2015. The complaint alleged that as a representative of UBS Financial Services, he failed to follow the customer’s instructions. It reached a settlement of $16,555.25.
According to the the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Richard Blosser holds 32 years of securities industry experience. Based in Los Angeles, he has been an investment advisor with Axxcess Wealth Management since 2022 and with Pathfinder Wealth Advisors since 2020. His past registrations include Wedbush Securities, Wells Fargo Clearing Services, UBS Financial Services, Morgan Stanley & Company, and MKI Securities Corporation. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He has been barred from acting as a broker. (Information current as of October 26, 2022.)
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