Cynthia Mary Couyoumjian (also known as Cynthia Mary Koczkodan), of Tustin, California, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $136,900.00 in damages based upon allegations that Couyoumjian engaged in unsuitable trading in Real Estate Investment Trusts or REITs when Couyoumjian was associated with Independent Financial Group LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-00259 (February 6, 2023).
FINRA Public Disclosure shows that Couyoumjian was referenced in thirteen other customer initiated investment related disputes concerning Couyoumjian’s conduct while associated with securities broker dealers. On June 10, 2015, a customer initiated investment related FINRA securities arbitration claim involving Couyoumjian’s conduct was settled for $45,000.00 in damages based upon allegations that Couyoumjian violated state securities laws, made misrepresentations of material fact, violated FINRA rules, and made unsuitable recommendations of TIC products, IMH products, private equity products, real estate securities, and annuities when Couyoumjian was associated with First Allied Securities Inc. FINRA Arbitration No. 14-01266.
On June 10, 2015, a customer initiated investment related FINRA securities arbitration claim involving Couyoumjian’s conduct was settled for $50,000.00 in damages based upon allegations that Couyoumjian made unsuitable recommendations and misrepresentations in connection with the sale of private equity products and real estate securities during the time that Couyoumjian was associated with First Allied Securities Inc. FINRA Arbitration No. 14-02141.
Couyoumjian was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $90,000.00 in damages based upon allegations that Couyoumjian was negligent, breached a contract, made unsuitable recommendations, negligently supervised certain representatives, committed fraud, engaged in unsuitable trading, violated federal securities laws, and violated FINRA rules in connection with the sale of IMH funds, private equity products, and real estate securities. FINRA Arbitration No. 15-00147 (October 11, 2016).
On April 18, 2018, a customer initiated investment related complaint involving Couyoumjian’s conduct was settled for $13,875.00 in damages based upon allegations that Couyoumjian made omissions in connection with the recommendation and sale of stocks during the time that Couyoumjian was associated with Independent Financial Group LLC.
Couyoumjian was also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Couyoumjian made unsuitable recommendations of non-traded REITs and direct investments when Couyoumjian was associated with Independent Financial Group LLC. FINRA Arbitration No. 21-01560 (June 22, 2021).
Couyoumjian has been associated with Independent Financial Group LLC as a stockbroker since May 3, 2010, and as an investment advisor representative since April 28, 2010.
