Shepherd Smith Edwards and Kantas FINRA Law Firm Investigates Investor Losses Involving Barred Beverly Hills Broker Antoine Souma. We Represent High-Net-Worth Investors With FINRA Lawsuits
Our broker fraud lawyers are continuing to look into claims of investor losses by former clients of Beverly Hills financial advisor Antoine Souma. Previously registered with Insigneo Securities, JP Morgan Securities, Morgan Stanley, Galliot Capital Advisors, and other financial firms over the years, Souma was barred by the Financial Industry Regulatory Authority (FINRA) last year in the wake of stockbroker misconduct allegations, including claims of excessive trading.
A FINRA arbitration claim brought by one investor was settled by Insigneo Securities for $400K. In another broker fraud lawsuit involving Souma, JP Morgan Securities agreed to pay $14M to settle allegations brought by an investor blaming Souma for $20M in investment losses.
The ex-Beverly Hills, CA financial advisor was once listed on Barron’s list of top 100 brokers. At one point he was leading a team overseeing some $3B in assets.
Among the allegations against Antoine Souma is that he targeted rich investors, including those that share the same Middle Eastern descent. He even purportedly claimed to specialize in working with investors from that part of the world including, allegedly, royalty from different countries in the region.
Why Is It So Important To Hire Skilled FINRA Attorneys?
As a high-net-worth individual, there can be much at stake when you invest and the losses can be significant. This is why you need to hire a securities law firm to fight for you. Shepherd Smith Edwards and Kantas (investorlawyers.com) has been representing investors like you for more than 30 years. We have dealt with more than 1000 matters on behalf of our clients, including the most complex kinds of investment loss recovery claims against the largest broker-dealers in the United States.
We offer personalized attention. Should we decide to work together you will have our entire firm assigned to your case. That means all of our FINRA lawyers, legal assistants, consultants, and other key team members will be zealously advocating for you while fighting for damages you are owed and protecting your legal rights.
Going after any broker-dealer for financial recovery is always challenging—even more so when it is a large firm that has their own team at the ready to defend against any fraud claims. More than 90% of our clients have been granted awards or settlements due to our knowledgeable hard work and dedication.
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