FINRA reports that nine arbitration claims were filed involving Cynthia Couyoumjian’s conduct. These claims allege unsuitable investments, breach of contract, breach of implied warranty, negligence, negligent supervision, common law fraud, unsuitable trading, violations of Federal laws and FINRA rules, misrepresentations, and/or other allegations. These nine arbitration claims involving Cynthia Couyoumjian’s conduct all settled, with the two resolving for $2,000,000 and $417,500.
FINRA reports that Cynthia Couyoumjian was suspended from the securities and investment banking industry for 31 days and fined $20,000 in January 2006. Cynthia Couyoumjian consented to the sanctions and to NASD findings that Cynthia Couyoumjian’s advertising and sales literature presented oversimplified claims which omitted material information, or failed to provide a sound basis for evaluating facts and contained exaggerated, unwarranted or misleading statements of claims.
FINRA also reports that the Ohio Division of Securities denied Cynthia Couyoumjian’s application for a securities salesperson license. The Ohio Division of Securities concluded that Cynthia Couyoumjian lacked good business repute. Cynthia Couyoumjian’s securities license application was also denied by the State of Illinois.
If you are an investor that lost more than $100,000 with Cynthia Couyoumjian you should consider all legal options. If you wish to discuss your particular situation and the potential for the recovery of your investment losses, or you have information of interest, please contact us for an evaluation of your potential case.