Public records published by the Financial Industry Regulatory Authority (FINRA) on November 28, 2016 indicate that former Washington-based UBS Financial Services broker Lori Cousineau Weaver has been sanctioned by the State of Washington. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Cousineau Weaver (CRD# 1731464).
Lori Cousineau Weaver has spent 27 years in the securities industry and was most recently registered with UBS Financial Services in Renton, Washington (2015-2016). She was previously registered with Ameriprise Financial Services in Renton, Washington and IDS Life Insurance Company in Minneapolis, Minnesota. She is currently not registered with any state or firm.
According to her BrokerCheck report, Lori Cousineau Weaver has received one customer complaint and one regulatory sanction.
In August 2016 the State of Washington suspended Lori Cousineau Weaver following allegations she “offered and sold non-traded real estate investment trusts (“REITs”) to customers, including many senior citizens, through unsuitable recommendations and failed to disclose complete information regarding the fees, commissions, and illiquidity of these products.” She was issued a 30-day suspension and a fine of $100,000.
In 2014 a customer alleged Lori Cousineau Weaver, while employed at Ameriprise Financial Services, offered investment advice when she was not licensed to do so, as the customer was a resident of a foreign country. The complaint settled in 2015 for more than $14,900.
If you or someone you know has lost money investing with Lori Cousineau Weaver, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.