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David Bibo – Western International Securities Broker- Discloses Customer Disputes Involving REITs – Pasadena, CA

David Bibo – Western International Securities Broker- Discloses Customer Disputes Involving REITs – Pasadena, CA

David Bibo – Western International Securities Broker- Discloses Customer Disputes Involving REITs – Pasadena, CA 150 150 ER

David Bibo Investigation

April 2022- Pasadena, CA

According to publicly available records David O. Bibo,  a broker with Western International Securities  broker discloses 2 prior and 2 pending customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 6/2020, FINRA case #20-02893 was filed by a customer of Western International alleging misrepresentation and unsuitable recommendations in real estate investment trusts (REITs).   The alleged damages are $300,000.

In December of 2019, FINRA case #19-03619 was filed by a customer of Western International Securities alleging unsuitable recommendations to invest in REITs. Damages of $1,500,000 are sought in this currently pending matter.

Bibo has been employed with Western International Securities, Inc.  since April of 1997.

If you have questions about an investment account with David Bibo, call to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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