Investors File Disputes About Nabil Bouab

Soreide Law Group is investigating possible investor claims against securities broker Nabil Bouab (also known as Bilo Bouab) [CRD: 4340284, Holbrook, New York]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for American Portfolios Financial Services Inc. Notably, investors allege sales practice violations in these disputes, including that Bouab unsuitable advice and negligence. Here is a brief summary of the disclosures about Bouab.

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

Particularly, a client of American Portfolios Financial Services Inc. contested Nabil Bouab’s sales practices by filing FINRA Arbitration: 23-00209 on January 25, 2023. Allegedly, Bouab made unsuitable recommendations, mismanaged investment accounts, made misrepresentations, breached a fiduciary duty, breached a contract, failed to supervise certain representatives, and was negligent. It appears that Bouab caused the client to sustain damages on stocks and special purpose acquisition companies. Therefore, the client seeks compensatory relief from American Portfolios Financial Services Inc. or Bouab in the amount of $350,000 in this ongoing matter.

American Portfolios Financial Services Inc. Investor Accused Nabil Bouab Of Breach Of Contract

Particularly, on November 7, 2022, an American Portfolios Financial Services Inc. client filed FINRA Arbitration: 22-02410 about Nabil Bouab. Namely, the client alleged that Bouab breached a contract, breached a fiduciary duty, failed to supervise certain representatives, was negligent, made misrepresentations, made omissions, and violated FINRA rules. Because of this, the client allegedly sustained damages on stocks and special purpose acquisition companies. Therefore, the client requested $776,000 in compensation from American Portfolios Financial Services Inc. or Bouab. Evidently, this arbitration is pending a resolution.

Bouab Discloses Poor Performance Allegations By American Portfolios Financial Services Inc. Client

Also, a client of American Portfolios Financial Services Inc. contested Nabil Bouab’s sales practices, according to a complaint dated October 20, 2022. Allegedly, Bouab recommended investments which poorly performed. Supposedly, Bouab caused the client to sustain damages. Therefore, the client sought compensatory relief from American Portfolios Financial Services Inc. or Bouab. However, the client withdrew this complaint.

Employment Information

Nabil Bouab worked for American Portfolios Financial Services Inc. as a securities broker from July 2013 to November 2022. He also worked as a financial advisor of American Portfolios Advisors Inc. from July 2013 to November 2022. He has worked with Garden State Securities and Garden State Investment Advisory Services LLC since October 2022.

Did American Portfolios Financial Services Inc. Securities Broker Bouab Cause You To Experience Damages?

Did you sustain damages through Nabil Bouab? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Bouab and brokerage firms Bouab worked for deny accusations of sales practice violations.