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Carl Cornaglia: Investor Seeks $1 Million in Damages in Complaint Against Kovack Rep

Carl CornagliaPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on October 16, 2018 indicate that Connecticut-based Kovack Securities broker/adviser Carl Cornaglia has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cornaglia (CRD# 3067666).

Carl Cornaglia has spent 20 years in the securities industry and has been registered with Kovack Securities in North Haven, Connecticut since December 2017. Previous registrations include SII Investments in North Haven, Connecticut (2009-2017); Questar Capital Corporation in Wallingford, Connecticut (2006-2009); USAllianz Securities in Wallingford, Connecticut (2004-2006); Securities Service Network in Knoxville, Tennessee (2003-2004); MetLife Securities in Springfield, Massachusetts (1998-2003); and Metropolitan Life Insurance Company in New York, New York (1998-2003). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 8, 2000; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 20, 1998; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on June 4, 2001; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on July 3, 1998. He is a registered broker and investment adviser with seven US states: California, Connecticut, Florida, New Hampshire, New York, North Carolina, and Pennsylvania.

According to his BrokerCheck report, he has received seven pending customer complaints and one pending customer complaint.

In August 2018 a customer alleged Carl Cornaglia, while employed at Questar Capital Corporation, breached his fiduciary duty, acted negligently, breached the Connecticut Unfair Trade Practices Act, committed fraud, and breached the Connecticut Uniform Securities Act in connection to the sale of two equipment leasing limited partnerships. The customer is seeking $1,007,557 in damages in the pending complaint.

In 2013 a customer alleged Carl Cornaglia, while employed at Questar Capital Corporation, acted negligently, breached his fiduciary duty, breached contract, and committed fraud. The complaint settled for $27,500.

In 2011 a customer alleged Carl Cornaglia, while employed at Questar Capital Corporation, acted negligently, breached his fiduciary duty, committed fraud, was negligent in his supervisory duties, and breached contract. The complaint settled for more than $147,400.

In 2011 a customer alleged he, while employed at Questar Capital Corporation, breached his fiduciary duty, breached contract, and committed fraud. The complaint settled for $70,000.

In 2011 a customer alleged he, while employed at Questar Capital Corporation, misrepresented and recommended unsuitable investments. The complaint settled for $75,000.

If you or someone you know has lost money investing with Carl Cornaglia, call 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.

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