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BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Famous funding advisor Antoine Souma introduced at this time that he has filed a movement to dismiss a declare made towards him by Los Angeles doctor Dr. Adel Samaan. The declare is at present pending earlier than FINRA Dispute Decision Providers.
In looking for a swift dismissal of the declare, Mr. Souma and his representatives notice the next:
- Dr. Samaan’s claims are meritless.
- Dr. Samaan has no standing to deliver his FINRA motion. He isn’t a trustee, officer or director of the entity bringing the declare, which suggests he lacks standing to file any such motion below FINRA’s guidelines. FINRA frequently grants motions to dismiss claims in comparable circumstances.
- Dr. Samaan’s submitting is an orchestrated smear towards Mr. Souma’s popularity, beginning with a press launch issued on August 25, 2022, by Dr. Samaan’s legal professionals bannered with a false headline stating that Mr. Souma was “sued for $1.4 million.”
- A evaluation of public courtroom information present Dr. Samaan has an intensive litigation historical past involving roughly 150 courtroom circumstances, round 85% of which checklist him as a plaintiff.
- Regrettably, it isn’t uncommon for traders to file meritless arbitration claims towards their funding advisors in extraordinarily unstable markets. FINRA is designed to handle such disagreements in a confidential, skilled method that respects due course of slightly than by means of public campaigns.
“I’m assured that this frivolous declare smearing my popularity, my enterprise, and my household might be dismissed in a well timed method when FINRA has a chance to evaluation the details,” Mr. Souma mentioned.
Mr. Souma is Managing Accomplice of Galliott Capital Advisors, the place he manages belongings for high-net-worth people. Beforehand, Mr. Souma ran The Souma Group at Morgan Stanley Non-public Wealth Administration, served as Managing Director at J.P. Morgan Securities and was a Vice President at Deutsche Financial institution and UBS Monetary Providers. His honors have included being ranked on Barron’s checklist of High 100 Monetary Advisors.
Mr. Souma is represented by companions Jeffrey Okay. Riffer and Julie Z Kimball of Elkins Kalt Weintraub Reuben Gartside LLP.
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