Public records published by the Financial Industry Regulatory Authority (FINRA) on December 4, 2016 indicate that Tennessee-based Wells Fargo Advisors Financial Network broker/adviser Cindy Cornette has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Cornette (CRD# 3163387).
Cindy Cornette has spent seventeen years in the securities industry and has been registered with Wells Fargo Advisors Financial Network in Chattanooga, Tennessee since 2012. Previous registrations include Merrill Lynch in Chattanooga, Tennessee (2009-2012); Ameriprise Financial Services in Chattanooga, Tennessee (1999-2009); and IDS Life Insurance in Minneapolis, Minnesota (1999-2006). She is a registered broker and investment adviser with seventeen US states and territories: Alabama, Arizona, Arkansas, California, Florida, Georgia, Maryland, Missouri, New York, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Utah, Virginia, and Wisconsin.
According to her BrokerCheck report, Cindy Cornette has received two customer complaints.
In 2010 a customer alleged Cindy Cornette, while employed at Ameriprise Financial Services, recommended an unsuitable investment in an Inland American real estate investment trust. The complaint settled or $95,870.
In 2009 a customer alleged Cindy Cornette, while employed at Ameriprise Financial Services, did not follow her instructions. The complaint settled in 2010 for more than $5,700.
Real estate investment trusts, or REITs, own assorted forms of real estate, or interests in real estate. As an investment product, REITs use the combined funds from a pool of investors to purchase real estate property; they can be publicly traded or privately held, traded on the stock market or not traded at all. As such, they are highly illiquid investments. While they have the benefit of extending new opportunities to investors who otherwise could not access certain real estate investments, non-traded REITs may be particularly risky for short-term investors and even long-term investors. They are additionally taxed on an individual level and can lead to property taxes as high as 25% of the sum operating expenses. Investment professionals who recommend unsuitable REITs may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding Cindy Cornette, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: Fitapelli Kurta only get paid if and when you collect money. By law you may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.