Cynthia Giovacchino Allegedly Misrepresented Market-Linked Notes

Cynthia Giovacchino (CRD #: 3274194), a broker registered with LPL Financial, is the subject of an investor dispute, according to her BrokerCheck record, accessed on October 20, 2023. Keep reading if you have questions about her alleged conduct. 

On August 31, 2023, an investor alleged that Cynthia Giovacchino misrepresented her market-linked notes as principally protected. The alleged conduct took place from October 26, 2021, through August 31, 2023. 

There are two other settled disputes on Cynthia Giovacchino’s record. Both disputes alleged unsuitable investment recommendations. These disputes were collectively settled for $48,225.26. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2111 – Unsuitable Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – long-term investments often do not suit a client’s best interests. Investments that do not take these factors into account may be unsuitable. 

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Cynthia Giovacchino has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

She is a registered broker in 32 states and a registered investment adviser in Connecticut and Texas. 

During her 24 years of experience, she has registered with three firms: 

• LPL Financial (CRD #: 6413) 
• UVest Financial Services Group (CRD #: 13787) 
• Webster Investment Services (CRD #: 46588) 

Kurta Law Can Help

If you worked with Cynthia Giovacchino and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.