Cynthia Cowden, formerly with NPB Financial Group, Barred by FINRA
Have you lost money with financial advisor Cynthia Cowden? We are looking into allegations made about Cynthia D. Cowden from Lake Isabella, California. FINRA (the Financial Industry Regulatory Authority) barred Cowden from the securities industry. FINRA alleged that Cowden sold unsuitable non-traded REITs (real estate investment trusts) to customers. FINRA also alleged that Cowden provided false testimony regarding the customers’ assets and income to justify the sales of the non-traded REITs.
Cynthia Cowden was a financial advisor and registered representative of NPB Financial Group from January 2013 to August 2020. She worked in a branch office in Lake Isabella, California. Cowden has been the subject of at least three customer complaints.
Brokerage firms like NPB Financial Group have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Seattle, Washington; Denver, Colorado; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.