Articles Tagged with failure to supervise

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**Update: 3/22/2021** Ms. Cowden has been the subject of two additional customer disputes since November 2020.  First, in November 2020, a customer filed a securities arbitration complaint alleging $400,000 in damages concerning a real estate security recommendation.   The causes of action included breach of fiduciary duty, unauthorized trading, and elder abuse.   Second, in January 2021, a customer filed a written complaint with NPB Financial Group, LLC alleging $350,000 in damages related to an unsuitable investment recommendation.  The customer has not yet filed a securities arbitration complaint.  If you or a loved one were a customer of Diane Cowden, contact securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of the investment or retirement accounts.

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Financial Advisor Cynthia Diane Cowden (CRD# 2054676) BARRED by FINRA for Recommending High- Risk Investments to Three Senior Customers – Lake Isabella, CA

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FINRA has suspended Frank Venturelli from the securities industry for 11 months.  Frank Venturelli was a financial advisor and registered representative at the following firms:

  • Arive Capital Markets, Bay Ridge, NY (September 2019 to December 2019); and
  • First Standard Financial Company LLC, Red Bank, NJ (November 2014 to September 2019).
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FINRA has permanently barred Jeffrey A. Broten from the securities industry. Jeffrey Broten was a financial advisor and registered representative at the following firms:

  • Newbridge Securities Corporation (affiliated with Black River Wealth Management LTD), Morristown, NJ (August 2019 to December 2019);
  • First Standard Financial Company LLC, Red Bank, NJ (February 2018 to August 2019); and
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