Lake Mary, Florida financial advisor David Sosa (CRD# 2447013) allegedly made an unauthorized transaction, according to a recent investor complaint....
Read MoreCynthia Couyoumjian: $136K Complaint Against Cinergy Advisor
Tustin, California financial advisor Cynthia Couyoumjian (CRD# 1456630) is involved in multiple recent investor complaints alleging she recommended unsuitable investments. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with Independent Financial Group, doing business as Cinergy Financial.
Ms. Couyoumjian’s BrokerCheck report discloses more than 10 investor complaints. The most recent, filed in January 2023, alleges that as a representative of Independent Financial Group, she recommended an unsuitable real estate investment trust (REIT). The pending complaint alleges damages of $136,900.
An earlier investor complaint, filed in 2021, similarly alleges that she recommended unsuitable investments, including REITs and non-traded REITs. The pending complaint alleges unspecified damages.
A third investor complaint, filed in 2015, alleged that as a representative of First Allied Securities, she recommended and sold unsuitable investments, breached contract, engaged in negligence, and violated both federal laws and FINRA rules. In 2016 the complaint reached a settlement of $90,000.
A fourth investor complaint, filed in 2014, alleged that she misrepresented and recommended unsuitable investments while at First Allied Securities. In 2015 the complaint reached a settlement of $50,000. A similar investor complaint filed in 2014 also alleged she made misrepresentations and recommended unsuitable investments in private equity, tenant-in-common securities, and a variable annuity while at First Allied Securities. In 2015 the complaint reached a settlement of $45,000.
A sixth investor complaint, filed in 2014, alleged she breached her fiduciary duty, misrepresented information relating to an investment, and made unsuitable recommendations while at First Allied. In 2015 the complaint reached a settlement of $2 million.
According to the Financial Industry Regulatory Authority, Cynthia Couyoumjian holds 37 years of securities industry experience. Based in Tustin, California, she has been a broker and an investment advisor with Independent Financial Group since 2010, doing business as Cinergy Financial. Her registration history includes First Allied Securities, Linsco/Private Ledger Corporation, AXA Advisors, and The Equitable Life Assurance Society of the United States. Her credentials include the passage of nine securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She currently holds 26 state licenses. (Information current as of March 16, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.
