DID CYNTHIA ANN GIOVACCHINO CAUSE YOU INVESTMENT LOSSES?
Cynthia Giovacchino Of Osaic institutions, Inc. Has 10 Customer Complaints For Alleged Broker Misconductz
About Cynthia Giovacchino of Osaic institutions, Inc.?
Cynthia Giovacchino (CRD #3274194) has extensive experience in the financial services industry, having been registered as a broker since 1999. She is currently registered with Osaic Institutions, Inc. as an investment advisor and registered broker since December 14, 2023. Over the course of her career, she has passed 3 general industry/product exams and 2 multi-state securities law exams. Ms. Giovacchino holds licenses in 16 U.S. states and territories and has been associated with several firms, including LPL Financial LLC, where she was registered from October 2011 to December 2023. Her experience reflects a long-standing presence in the industry, with a focus on both securities and investment advisory services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Cynthia Giovacchino Customer Complaints and Reviews
- Customer Disputes: 10 Incidents
- Case 1 (January 26, 2024): A customer alleged misrepresentation of a Real Estate Investment Trust (REIT) as a 3-year term. The case was settled on July 9, 2024, for $13,500.
- Case 2 (December 22, 2023): A customer alleged an unsuitable recommendation of a structured note. The case was settled on April 28, 2024, for $55,435.
- Case 3 (January 30, 2024): A customer alleged misrepresentation and unsuitability of alternative investments and structured products. The case was settled on July 7, 2024, for $48,583.
- Case 4 (January 30, 2024): A customer alleged misrepresentation of a structured barrier note. The case was settled on April 2, 2024, for $10,673.97.
- Case 5 (December 18, 2023): A customer alleged misrepresentation of a structured product. The case was settled on March 8, 2024, for $70,000.
- Case 6 (December 21, 2023): A customer alleged that a structured note was misrepresented as a safe investment. The case was settled on May 16, 2024, for $15,000.
- Case 7 (August 31, 2023): A customer alleged that the advisor misrepresented that market-linked notes were principally protected. The case was settled on January 31, 2024, for $27,727.72, with an individual contribution of $15,000.
- Case 8 (January 24, 2022): A customer alleged that a REIT investment recommended in 2014 was unsuitable. The case was settled on October 28, 2022, for $46,225.26.
- Case 9 (September 3, 2021): A customer alleged unsuitable investment recommendations in high-commission, illiquid alternative investments between 2012 and 2015. The case was settled on February 11, 2022, for $2,000.
- Pending Customer Dispute:
- Case 1 (May 29, 2024): A customer has alleged unsuitability and misrepresentation of a non-traded REIT and structured notes. This case is currently pending.
Allegations Against Cynthia Giovacchino
- Customer Dispute Allegations:
- Misrepresentation: Several customers have alleged that Ms. Giovacchino misrepresented the nature of various investment products, including REITs, structured notes, and other alternative investments. These allegations span multiple cases, with accusations that investments were presented as safer or more suitable than they were.
- Unsuitability: Multiple customers have claimed that the investment recommendations provided by Ms. Giovacchino were unsuitable for their financial objectives, particularly concerning high-commission, illiquid investments.
- Miscommunication of Investment Terms: In one case, it was alleged that Ms. Giovacchino misstated the barrier level of a structured note and incorrectly assured the client that their principal would be protected.
Cynthia Giovacchino Red Flags & Your Rights As An Investor
Of course, Cynthia Giovacchino 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 Cynthia Giovacchino at Osaic institutions, Inc. on alert to review carefully the activity and performance of their accounts and question whether Cynthia Giovacchino has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Osaic institutions, Inc. also raises questions about the brokerage firms’ 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 Osaic institutions, Inc. Due To Cynthia Giovacchino
If you have questions about Osaic institutions, Inc. and/or Cynthia Giovacchino 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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