Vintage bond certificate

Antoine Nabih Souma of Los Angeles California is a stockbroker formerly registered with JP Morgan Securities LLC who is the subject of a customer initiated investment related arbitration claim in which the customer requested $20,000,000.00 in damages based upon allegations of (1) unauthorized transactions (2) suitability and (3) misrepresentation. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-03663 (Dec. 27, 2016).

Particularly, the customer alleged that municipal bonds, exchange traded notes and equities transactions were placed in the customer’s account without the customer’s authorization, and that the customer’s investment portfolio was over-concentrated in unsuitable fixed income and structured notes products.

FINRA Public Disclosure confirms that Souma has been referenced in two additional customer initiated investment related disputes containing accusations of Souma’s misconduct while employed with UBS Financial Services Inc. In particular, on May 20, 2004, a customer filed an investment related written complaint that pertained to Souma’s conduct where the customer sought $15,000.00 in damages supported by allegations that trades were effected in the customer’s account without the customer’s consent, and misrepresentations had been made concerning treasury bills.

Moreover, a customer initiated investment related arbitration claim concerning Souma’s activities was resolved for $37,500.00 in damages founded on accusations including fraud, unsuitable investment recommendations, negligence, misrepresentation and breach of fiduciary duty relating to the customer’s over-the-counter equities and bonds holdings. New York Stock Exchange (NYSE) Arbitration No. 2006-016598 (Oct. 10, 2008).

Souma’s employment with J.P. Morgan Securities LLC was terminated on June 7, 2016.

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