Cynthia Diane Cowden (also known as Cynthia Case) a stockbroker formerly registered with NPB Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages based upon allegations of the violation of federal and state securities laws and the breach of a fiduciary duty and breach of contract while Cowden was associated with NPB Financial Group. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01263 (May 17, 2021). According to the claim, NPB Financial Group failed to supervise Cowden’s activities resulting in unauthorized transactions.
Cowden has been identified in five more customer initiated investment related disputes regarding accusations of her improper conduct while employed by securities broker dealers including NPB Financial Group and NEXT Financial Group. FINRA Public Disclosure shows that a customer initiated investment related civil action involving Cowden’s conduct was settled for $80,000.00 in damages based upon allegations of conversion and breach of fiduciary duty relating to mutual fund transactions at NEXT Financial Group.
Another customer initiated investment related arbitration claim involving Cowden’s conduct was settled for $163,500.00 in damages based upon allegations of misrepresentations and unsuitable investment recommendations by Cowden regarding tenant in common investments while she was associated with NEXT Financial Group. Cowden is also referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $57,000.00 in damages founded on allegations of fraud and misrepresentation relating to a real estate security. FINRA Arbitration No. 20-00219 (July 29, 2020). The claim also alleges a breach of contract and breach of fiduciary duty by NPB Financial Group.
On November 4, 2020, a different customer filed an investment related FINRA securities arbitration claim involving Cowden’s activities in which the customer requested $400,000.00 in damages supported by accusations of the breach of both a contract and fiduciary duty relating to a real estate security transaction through Cowden at NPB Financial. FINRA Arbitration No. 20-03699. The claim alleges elder abuse and failure to supervise.
On January 6, 2021, an additional customer filed an investment related complaint regarding Cowden’s conduct where the customer sought $350,000.00 in damages based upon allegations that Cowden made unsuitable alternative investment transactions.
Cowden has been barred from associating with any FINRA member in any capacity founded upon findings that she made unsuitable non-traded REIT recommendations and had lied about her actions when testifying in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2017055979301 (Oct. 21, 2020). Cowden violated FINRA Rules 2011, 8210 and 2010.
Cowden was associated with NPB Financial Group between January 3, 2013 and August 31, 2020.
