Unsuitable Investment Recommendations by Independent Financial Group, LLC Broker Cynthia Couyoumjian

Independent Financial Group

Independent Financial Group, LLC broker Cynthia Couyoumjian (CRD# 1456630) is accused of unsuitable investment recommendations. She has been registered with Independent Financial Group, LLC in Tustin, California, since 2010. 

Cynthia Couyoumjian Customer Complaints

She has been the subject of 14 customer complaints between 1999 and 2023, one of which was denied and one was closed without action, according to her CRD report. The most recent complaints were regarding: 

February 2023. “Allege investment was not suitable.” The customer sought $136,900 in damages. The complaint was regarding real estate investment trusts (REIT) investment losses.

June 2021. “Allege that investments were not suitable.” The customer sought $5,001 in damages, and the case was settled for $550,000. The complaint was regarding direct investments, REITs and non-traded REITs.

March 2018. “Client alleged he was not aware of tax liability on an unsolicited sell order in March 2018.” The case was settled for $13,875. The complaint was regarding common and preferred stocks. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Independent Financial Group, LLC may be liable for investment or other losses suffered by Cynthia Couyoumjian’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.