Cynthia Komarek Subject of $1.6 Million Dispute Following FINRA Bar
Cynthia Komarek (CRD #: 1188714), a barred broker, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on August 15, 2023. Prior to her FINRA bar, she was registered with Sagepoint Financial.
On June 23, 2023, an investor alleged that Cynthia Komarek aided and participated in an investor’s purchase of an unapproved investment. The investor is seeking $1.6 million.
Two previous allegations that Cynthia Komarek sold unapproved products collectively settled for approximately $1,875,000.
FINRA Rule 3270 – Outside Business and Selling Away
FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties.
Outside Businesses
Cynthia Komarek has the following outside businesses listed in her detailed BrokerCheck record:
- Timberhill Homeowners Association: Committee member
- The NBB Group: Insurance Agent
FINRA Bar
On June 4, 2021, FINRA barred Cynthia Komarek following allegations she refused to provide documents and information requested by FINRA during the course of an investigation. The investigation findings stated that SagePoint terminated Cynthia Komarek following allegations she admitted to making referrals to an outside asset manager without approval.
You can read a copy of the Acceptance, Waiver and Consent agreement here.
Employment Termination
On August 19, 2020, SagePoint terminated Cynthia Komarek following allegations she made referrals to an outside asset manager without her brokerage firm’s approval.
Background Information
Cynthia Komarek has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
She has registered with the following firms:
- SagePoint Financial (CRD #: 133763)
- Wells Fargo Clearing Services (CRD #: 19616)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
- Lehman Brothers (CRD #: 7506)
- E.F. Hutton & Company (CRD #: 235)
- Oberweis Securities (CRD #: 7739)
Kurta Law Can Help
If you worked with Cynthia Komarek and you 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.
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