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BEVERLY HILLS, Calif.–(BUSINESS WIRE)–The $2 million lawsuit pending against financial advisor Antoine Souma of Galliott Capital Advisors will continue after his untimely Motion failed to have the case dismissed on October 20, 2022. Yet, on November 7, 2022, financial advisor Antoine Souma of Galliott Capital Advisors misled the public with a Press Release that failed to mention his untimely Motion to Dismiss filed in FINRA arbitration case 22-01786 would not be considered and he must answer the complaint which he has yet to do.
Souma’s November 7, 2022 Press Release aimed to discredit the Claimant, Dr. Samaan, and his FINRA claim.
According to securities attorney Steven D. Toskes, Esq., “FINRA ruled that the Motion to Dismiss was improper at this time and as such, Souma must Answer the Statement of Claim. FINRA’s Order provides that Souma can refile the motion after the Answers are filed. As a result, his Press Release is misleading and not accurate as it was issued after the ruling by FINRA on October 20, 2022.”
Toskes continues, “During the course of the FINRA arbitration, we look forward to helping our client, Los Angeles physician Dr. Adel F. Samaan, restore his retirement savings, and proving the other false and misleading statements in Souma’s Press Release.”
Investment fraud lawyers KlaymanToskes are representing Dr. Samaan in the FINRA arbitration case in which Dr. Samaan filed an amended claim for $2 million for unsuitable investments recommended by Souma, Galliot Capital Advisors and Insigneo Securities.
Former and current customers of Antoine Souma who sustained damages and have experienced similar conduct are encouraged to contact Steven D. Toskes, Esq. at 1 (888) 997-9956.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered more than $250 million for investors in FINRA arbitrations and over $350 million in other securities litigation matters for its clients. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.