Nabil Bouab Facing Disputes From American Portfolios, Garden State Clients

Investors might have sustained losses due to securities broker Nabil Bouab [CRD: 4340284, Red Bank, New Jersey], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Nabil Bouab worked for Garden State Securities Inc. from October 31, 2022, to June 13, 2024, and for American Portfolios Financial Services Inc. from July 26, 2013, to November 1, 2022. Below, investors can find a summary about Nabil Bouab’s disclosures.

Garden State Securities Investor Accused Nabil Bouab Of Misrepresentation

Notably, on April 25, 2024, a Garden State Securities client filed FINRA Arbitration No. 24-00862 about Nabil Bouab. Mainly, the client alleged unsuitable recommendations and misrepresentation. Because of this, the investor supposedly sustained damages on over-the-counter equities. As a result, they requested $176,622.43 in compensation from Garden State Securities or Bouab. Evidently, this arbitration is pending a resolution.

Bouab Disclosed Unsuitable Recommendations Allegations By American Portfolios Financial Services Inc. Client

Specifically, a client of American Portfolios Financial Services Inc. contested Nabil Bouab’s sales practices by filing FINRA Arbitration No. 24-00862 on April 29, 2024. Notably, the investor alleged unsuitable recommendations and misrepresentation. Allegedly,  Bouab caused the client to sustain damages on SPAC. Consequently, they seek damages from American Portfolios Financial Services Inc. or Bouab in the amount of $100,000 in this ongoing matter.

Nabil Bouab Disclosed Mismanagement Allegations

Also, a client of American Portfolios Financial Services Inc. contested Nabil Bouab’s sales practices by filing FINRA Arbitration No. 23-00209. The claim alleged mismanagement, unsuitable recommendations, omissions, misrepresentations, breach of contract, breach of fiduciary duty, failure to supervise, negligence, and violation of federal and state securities laws. Allegedly,  Bouab caused the client to sustain damages on stocks and special purpose acquisition companies (SPACs). As a result, American Portfolios Financial Services Inc. opted to settle the matter on October 16, 2023, by compensating the client in the amount of $145,000.

Garden State Securities Inc. Investor Alleged Negligence

Particularly, a Garden State Securities Inc. client filed FINRA Arbitration: No. 22-02410 about Nabil Bouab. Mainly, the client alleged a violation of federal securities laws, breach of fiduciary duty, breach of contract, failure to supervise, misrepresentations and omissions, negligence, violation of FINRA rules, and violation of state and federal securities laws. Because of this, the investor supposedly sustained damages on stocks and special purpose acquisition companies. Therefore, on October 16, 2023, Garden State Securities Inc. settled this matter by paying the client $135,000 in damages.

Nabil Bouab Disclosed Omissions Allegations By American Portfolios Financial Services Inc. Investor

Specifically, a client of American Portfolios Financial Services Inc. contested Nabil Bouab’s sales practices by filing FINRA Arbitration: No. 23-01947. Notably, the investor alleged breach of contract, breach of fiduciary duty, negligence, misrepresentations, violation of FINRA Rules, and violation of securities laws. Consequently, American Portfolios Financial Services Inc. opted to settle the matter on June 4, 2024, by compensating the client in the amount of $62,500.

Did You Sustain Losses Because Of Securities Broker Nabil Bouab?

Did you suffer financially because of Nabil Bouab? If so, contact Soreide Law Group online or at (888) 760-6552 and speak to a securities lawyer about a potential recovery of your investment losses. Soreide Law Group investment loss recovery lawyers help individuals throughout the United States, work on a contingency fee basis, and advance all costs. Bouab and brokerage firms Bouab worked for deny accusations of sales practice violations.