Nabil Bouab, Formerly with American Portfolios Financial Services, Subject of Customer Complaints

HOLBROOK, NEW YORK Are you a current or former client of financial advisor Nabil “Bilo” Bouab (also known as Bilo Bouab) in Holbrook, New York? Our investment fraud law firm is looking into allegations made against Nabil Bouab, who previously worked with American Portfolios Financial Services.

Bilo Bouab’s BrokerCheck report discloses that Bouab has been the subject of three customer complaints since October 2022, one of which was withdrawn by the customer. The two other complaints allege investment losses in special purpose acquisition companies (or SPACs). The SPACs allegedly lost a combined $1.1 million between the two cases. The recommendation of the SPACs by Bouab allegedly violated Regulation Best Interest.

Nabil Bouab had been a representative of American Portfolios Financial Services from July 2013 to November 2022, where he worked in Holbrook, New York. Bouab is now with Garden State Securities. Bouab had also been suspended by FINRA in 2015 for 20 days regarding allegations that he caused a sales assistant to impersonate a client via phone to effectuate trades

Regulation Best Interest requires that financial advisors make investment recommendations that are in the best interest of the customer or investor. A failure to follow Regulation Best Interest could result in liability for the broker and/or brokerage firm.

Israels & Neuman is a securities arbitration law firm that represents investors all over the country. We have sued numerous brokerage firms in the past, including American Portfolios Financial Services.

View Bouab, n BrokerCheck 2.22.23

If you lost money with Nabil Bouab (Bilo Bouab), SPACs, or American Portfolios Financial Services, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.