WARNING! Amr Aboulmagd of Horsham, Pennsylvania
Have you lost money with financial advisor Amr Aboulmagd of Horsham, Pennsylvania? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Amr M. Aboulmagd. FINRA barred Aboulmagd from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Aboulmagd regarding allegations that he made misrepresentations and unsuitable recommendations to customers regarding switches from a fixed annuity to a variable annuity.
Amr Aboulmagd was a financial advisor and registered representative of NYLife Securities from April 2009 to May 2015. He worked at a branch office in Horsham, Pennsylvania. Aboulmagd has also been the subject of at least three customer complaints.
Brokerage firms like NYLife Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Colorado, Washington, Michigan, Illinois, and the Portland, Oregon area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Pennsylvania in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including NYLife Securities.
Click to view: Aboulmagd FINRA AWC
Click to view: Aboulmagd BrokerCheck 10.4.16
HAVE YOU LOST MONEY WITH AMR ABOULMAGD OR NYLIFE SECURITIES?
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Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.