DID NABIL BOUAB CAUSE YOU INVESTMENT LOSSES?
Nabil Bouab Of Garden State Securities, Inc. And Formerly With American Portfolios Financial Services, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Nabil Bouab of Garden State Securities, Inc.?
Nabil Bouab (CRD #4340284) who is currently registered as a broker and investment adviser with Garden State Securities, Inc. and located in Red Bank, New Jersey, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Garden State Securities, Inc., Nabil Bouab was associated with American Portfolios Financial Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Nabil Bouab has had his own regulatory problems. In connection with his employment at Royal Alliance Associates, FINRA conducted an investigation that resulted in him consenting to sanctions and the entry of findings that he impersonated a client during telephone calls with clients outside brokerage firm in order to place rebalancing trades in the clients account. As a result, he was suspended and all capacities for 20 days and fined $5,000. Thereafter, Royal Alliance Associates permitted his resignation.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Nabil Bouab Customer Complaints
Nabil Bouab has been the subject of 3 customer complaints that we know about seeking to recover investment losses. Two of the customer complaints evolved into FINRA arbitration proceedings filed against American Portfolios Financial Services for the advisors alleged misconduct and the firm settled the complaints in favor of the investors. The other customer complaint, also a FINRA arbitration proceeding against the same firm is still pending.
Allegations Against Joao Bastos
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Breach of written contract, breach of fiduciary duty, failing to act in claimant’s best interest, negligence and gross negligence, misrepresentations and omissions, violation of FINRA rules, violation of state and federal securities laws.
- Violation of best interest, regulation, breach of written contract, breach of fiduciary duty, negligence, misrepresentations and omissions, violation of FINRA rules, violation of federal and state securities laws.
- Unsuitable investments, mismanagement of discretionary accounts, failure to act in the best interest of the customer, misrepresentations and omissions, breach of fiduciary duty, breach of contract, negligence, and violation of securities laws.
Nabil Bouab Red Flags & Your Rights As An Investor
Of course, Nabil Bouab did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Nabil Bouab at Garden State Securities, Inc. and American Portfolios Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Nabil Bouab has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Garden State Securities, Inc. and American Portfolios Financial Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Garden State Securities, Inc. Due To Nabil Bouab
If you have questions about Garden State Securities, Inc., American Portfolios Financial Services, Inc. and/or Nabil Bouab and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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