Paul Antevy (FMSbonds) Entangled In Investor Disputes

Securities Broker Paul Antevy Involved In FMSbonds Client Disputes

The Financial Industry Regulatory Authority (FINRA) contains new information concerning securities broker Paul Itzchak Antevy (CRD#: 2713105, North Miami Beach, Florida). It appears that Antevy joined FMSbonds Inc. in March 2003, and two clients of FMSbonds disputed Antevy’s sales practices. In addition, Antevy is involved in disputes brought by clients of his prior employers, UBS PaineWebber Inc. and JB Hanauer Co. Here’s a look at the investor disputes, including what you could do if you experienced damages as a result of sales practice violations.

FMSbonds Client Alleges Misleading Actions By Paul Antevy Concerning Junk Bonds

Notably, a client of FMSbonds disputed Paul Antevy’s sales practices concerning corporate bonds. According to the client, Antevy “enticed” and misled them concerning investments in low-rated bonds. Supposedly, the client experienced damages by investing in the bonds. For this reason, FMSbonds paid the client $14,999 to settle this matter. However, the firm did not admit any liability or fault.

Client Of FMSbonds Makes Accusations Of Unsuitable Corporate Bonds

Also, a client of FMSbonds alleges sales practice violations, according to a dispute about Paul Antevy in 2016. Namely, the client contends that Antevy recommended unsuitable corporate bonds and municipal bonds. Suitability generally relates to an investor’s risk tolerance, objectives, financial experience, and other factors affecting the appropriateness of investments. It appears that FMSbonds paid the client $50,000 in a November 2016 settlement of this matter. However, the firm denies the client’s allegations.

UBS PaineWebber Client Alleges Excessive, Unauthorized Trading By Paul Antevy

BrokerCheck also shows that a client of UBS PaineWebber disputed Paul Antevy’s actions in their account. Specifically, the client contends that their broker “forged their signature” on account agreements. Allegedly, Antevy engaged in unauthorized and unsuitable trading of stocks. Not only that, but the client also alleges that Antevy excessively traded their accounts, resulting in damages on stocks. Because of this, UBS PaineWebber compensated the client in the amount of $98,000.

JB Hanauer Co Investor Contends That Antevy Failed To Provide Adequate Risk Disclosures

In the fourth dispute on Paul Antevy’s BrokerCheck record, it appears that a client of JB Hanauer Co alleged omissions. Allegedly, Antevy did not tell the client about the risks of municipal bonds at the time of sale. Supposedly, the client sought damages in this matter. However, JB Hanauer denied this claim.

Losses By Investing Through Paul Antevy?

Securities broker Paul Antevy denies allegations of sales practice violations. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for many US clients who have experienced losses from their securities brokers and financial advisors.