Last Updated: February 2025 – Ansonia, CT
Investigation Summary: Cynthia Ann Giovacchino
Here’s what you need to know about Ansonia, CT, stockbroker Cynthia Ann Giovacchino:
- Name: Cynthia Ann Giovacchino
- CRD Number: 3274194
- Current Employer: Osaic Institutions, Inc.
- Primary Location: Ansonia, CT
- Function: Stockbroker / Financial Advisor
- Registered States: 16 U.S. states and territories
- Prior Employers:
- LPL Financial LLC (2011 – 2023)
- Uvest Financial Services Group, Inc. (2007 – 2011)
- Webster Investment Services, Inc. (1999 – 2007)
- Highest Award or Settlement: $70,000
- Pending Customer Disputes Seeks Damages of: $300,000
If you’ve sustained damages from Ms. Giovacchino, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money with Cynthia Giovacchino as Your Stockbroker?
Eleven customers of Cynthia Giovacchino have settled complaints regarding unsuitable investment recommendations, primarily in non-traded REITs and structured products. Here are some key highlights of her disclosure history:
- Currently Pending Customer Dispute (Filed 08/2024):
Claimant, a customer of LPL Financial, alleges that an alternative investment purchased in 2017 was illiquid and risky and seeks damages of $300,000. (FINRA #24-01699). - Significant Settlements:
- $70,000 on 03/2024 for misrepresentation of a structured product.
- $55,435 on 04/2024 for unsuitable recommendation of a structured note.
- $48,583 on 07/2024 for misrepresentation and unsuitability of alternative investments and structured products.
See this for more information on REITs and Other Alternative Investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Cynthia Giovacchino
Customers of Cynthia Giovacchino have alleged the following wrongdoing in connection with the handling of their investment accounts:
- Unsuitable Investment Recommendations – Multiple customers reported that Ms. Giovacchino recommended investments that did not align with their financial profiles and risk tolerances, particularly non-traded REITs and structured products.
- Misrepresentation of Investment Risks – Several complaints involved allegations that the risks and terms of structured products were misrepresented, including stating that certain notes were “safe” or had principal protection when they did not.
- High-Commission, Illiquid Alternative Investments – Customers allege being placed into high-commission products that were illiquid and unsuitable for their investment objectives.
Recover Your Investment Losses Now with Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Cynthia Giovacchino, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.