Investors have come forward with complaints about securities broker Cynthia Mary Couyoumjian (also known as Cynthia Mary Koczkodan) (CRD: 1456630, Tustin, California). Notably, the securities broker, who worked for Independent Financial Group LLC, disclosed client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Namely, Independent Financial Group LLC clients allege that Couyoumjian gave unsuitable advice. For more on these disclosures about Couyoumjian, see below.
Particularly, on February 6, 2023, an Independent Financial Group LLC client filed FINRA Arbitration: 23-00259 about Cynthia Couyoumjian. Namely, the client alleged that Couyoumjian made unsuitable recommendations. Because of this, the client allegedly sustained damages on REITs. Therefore, the client requested $136,900 in compensation from Independent Financial Group LLC or Couyoumjian. Evidently, this arbitration is pending a resolution.
Cynthia Couyoumjian Discloses Unsuitable Recommendations Allegations By Independent Financial Group LLC Client
Also, a client of Independent Financial Group LLC contested Cynthia Couyoumjian’s sales practices by filing FINRA Arbitration: 21-01560 on June 22, 2021. Allegedly, Couyoumjian gave unsuitable advice to the client. It appears that Couyoumjian possibly caused the client to sustain damages on direct investments (limited partnership interests and direct participation program interests) and non-traded REITs. Therefore, the client requested compensation from Independent Financial Group LLC or Couyoumjian. However, the securities firm denied the complaint.
Specifically, an Independent Financial Group LLC client filed a complaint about Cynthia Couyoumjian. Namely, the client alleged that they did not receive information about the tax liability relating to a sell order. Because of this, the client allegedly sustained damages on common stocks and preferred stocks. Therefore, on April 18, 2018, Independent Financial Group LLC settled this matter by paying the client $13,875 in damages.
Also, a client of First Allied Securities Inc. contested Cynthia Couyoumjian’s sales practices by filing FINRA Arbitration: 15-00147. Allegedly, Couyoumjian gave unsuitable advice, breached a contract, was negligent, was negligently supervised, acted unethically, and violated FINRA rules. It appears that Couyoumjian possibly caused the client to sustain damages on real estate securities and private equities. Therefore, First Allied Securities Inc. opted to settle the matter on October 11, 2016, by compensating the client in the amount of $90,000.
Specifically, a First Allied Securities Inc. client filed FINRA Arbitration: 14-02141 about Cynthia Couyoumjian. Namely, the client alleged that Couyoumjian made unsuitable recommendations and misrepresentations. Because of this, the client allegedly sustained damages on real estate securities and private equities. Therefore, on June 10, 2015, First Allied Securities Inc. settled this matter by paying the client $50,000 in damages.
Cynthia Couyoumjian Discloses Unsuitable Recommendations Allegations By First Allied Securities Inc. Client
Also, a client of First Allied Securities Inc. contested Cynthia Couyoumjian’s sales practices by filing FINRA Arbitration: 14-01266. Allegedly, Couyoumjian made unsuitable recommendations, made misrepresentations, violated FINRA rules, and violated state laws. It appears that Couyoumjian possibly caused the client to sustain damages on variable annuities, real estate securities, TICs, and private equities. Therefore, First Allied Securities Inc. opted to settle the matter on June 10, 2015, by compensating the client in the amount of $45,000.
Did Independent Financial Group LLC Securities Broker Cynthia Couyoumjian Cause You To Experience Damages?
Did you suffer damages by investing with Cynthia Couyoumjian? If so, reach out to Soreide Law Group at (888) 760-6552 and talk with an investment lawyer about a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered losses for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Couyoumjian and brokerage firms Couyoumjian worked for deny all allegations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
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An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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