DID CINDY HUYNH GHATTAS CAUSE YOU INVESTMENT LOSSES?
About Cindy Ghattas of Creative Planning?
Cindy Ghattas (CRD #5342109) has extensive experience in financial services, having worked with Waddell & Reed from 2007 to 2016 and Creative Planning from 2016 onward as an Investment Advisor Representative. She holds a Certified Financial Planner (CFP) designation and has passed multiple industry exams, showcasing her professional qualifications.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Cindy Ghattas Customer Complaints and Reviews
Customer Dispute (Pending) filed March 6, 2024:
- Allegations: Breach of fiduciary duty, negligence, misrepresentation, and violations of securities laws related to options trading between February 2017 and September 2023.
- Damages: At least $1,000,000.
- Firm: Creative Planning, LLC.
- Status: Pending arbitration with the American Arbitration Association (Case #01-24-0002-3498).
Allegations Against Cindy Ghattas
The claimant alleges that Ms. Ghattas engaged in actions such as misrepresentation, negligence, and breaches of fiduciary and contractual obligations during a six-year period of options trading. The allegations also cite violations of the North Carolina and Kansas Securities Acts.
Cindy Ghattas Employment History and Licenses
- Employment History:
- Creative Planning, Investment Advisor Representative – 2016 to Present.
- Waddell & Reed, Registered Broker 2007 to 2016.
Exams Passed:
- Series 7 (General Securities Representative) (July 21, 2007).
- Series 66 (Uniform Combined State Law) (August 30, 2007).
- Securities Industry Essentials (SIE) (May 7, 2016).
- Professional Designation: Certified Financial Planner (CFP).
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors have a fiduciary duty to act in the best interest of their clients, placing the client’s interests above their own. This includes providing full disclosure about nature, mechanics, and risks of any recommended investment strategies or activities. Advisors must ensure that clients understand the potential outcomes, costs, and risks associated with investments, enabling them to make informed decisions. The duty of care requires advisors to exercise skill, diligence, and prudence in managing client portfolios, ensuring that recommendations are suitable for each client’s specific financial goals, risk tolerance, and circumstances. This fiduciary responsibility is essential in maintaining trust and ensuring the advisor’s decisions prioritize the client’s needs.
Option Trading Can Be Extremely Risky
Option trading can be highly risky, particularly when it involves complex strategies or high leverage. Options give investors the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a set period. While options can be used to hedge risks, they can also amplify losses, especially for inexperienced investors. Investment advisors who engage in options trading on behalf of clients must carefully consider the client’s risk tolerance and ensure they fully understand the potential outcomes.
More risky options strategies, such as naked calls or puts, involve selling options without holding the underlying asset. This exposes the investor to unlimited losses if the market moves unfavorably. For example, in a naked call strategy, an advisor sells a call option without owning the underlying stock. If the stock price rises significantly, the client could face substantial losses, as they would be obligated to buy the stock at a much higher price. Due to these risks, it’s crucial for advisors to fully explain the strategy and its potential consequences before engaging in such transactions.
Cindy Ghattas Red Flags & Your Rights As An Investor
Of course, Cindy Ghattas did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Cindy Ghattas has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Cindy Ghattas
If you have questions about about Creative Planning and/or Cindy Ghattas and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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