Last Updated: February 2025, Cornelius, NC
Steven M. Blanchard Investigation Summary
Here’s what you need to know about Cornelius, NC stockbroker Steven M. Blanchard:
- Name: Mr. Steven Michael Blanchard
- Current Status: Suspended by FINRA
- Prior Employers: LPL Financial LLC, Raymond James Financial Services, Inc., TIAA-CREF Individual & Institutional Services, LLC, M&T Securities, Inc., AXA Advisors, LLC
- DBA: Blanchard Group
- Function: Stockbroker / Financial Advisor
- Aliases: Steven Blanchard
- Primary Location: Cornelius, NC
- CRD#: 6042470
- Can Steven Blanchard be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Terminated by Prior Employer: Yes.
- Fine / Sanction: $15,000 fine and two-year suspension
If you’ve sustained damages from Mr. Blanchard, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Steven Blanchard As Your Stockbroker?
Steven Blanchard was suspended indefinitely by FINRA on January 6, 2025 for failure to comply with an arbitration award or settlement agreement, as well as failing to satisfactorily respond to a FINRA request regarding his compliance status.
In a separate regulatory action, Blanchard was sanctioned by FINRA on December 23, 2024 and fined $15,000 for submitting falsified documents to his employing firm, Raymond James Financial Services, in connection with an investigation into a firm customer. This included fabricating an offer letter and forging email exchanges to mislead both his employer and FINRA investigators. Blanchard subsequently recanted and accepted responsibility for the false information and documents he provided to FINRA. Blanchard was suspended for two years from acting in any capacity within the securities industry.
Blanchard was discharged by Raymond James 2/24/23 after allegations that he used branch letterhead to convey offer of employment to a third party without authorization.
Allegations of Broker Misconduct Against Steven Blanchard
Regulators have alleged the following misconduct against Steven Blanchard:
- Failure to Comply with Arbitration Award: Blanchard failed to comply with a FINRA arbitration award or settlement agreement and did not respond to FINRA’s request for information about his compliance status. (Violates FINRA Rule 9554 – Failure to Comply with an Arbitration Award).
- Falsification of Documents: Blanchard fabricated an offer letter and forged emails to mislead his employer, Raymond James Financial Services, Inc., and investigators. (Violates FINRA Rule 2010 – Standards of Commercial Honor and Principles of Trade).
- Providing False Information to FINRA: During the investigation, Blanchard submitted false information and falsified documents to FINRA. (Violates FINRA Rule 8210 – Provision of Information and Testimony and Inspection and Copying of Books).
The Financial Industry Regulatory Authority (FINRA) is responsible for regulating stockbrokers and brokerage firms. FINRA mandates that brokers disclose customer complaints, regulatory sanctions, and employment terminations to ensure transparency.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
Our investigations of other Lincoln Financial Securities brokers
If you have suffered investment losses in an account handled by Steven M. Blanchard, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.