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Carl Cornaglia: Complaints Against Jeffersonville Financial Advisor

Investor complaints against Jeffersonville, Indiana broker and investment advisor Carl Cornaglia (CRD#: 3067666) allege conduct including suitability violations, breach of fiduciary duty, negligence, breach of contract, and other activity. Cornaglia is a representative of Kovack Securities, where he has been registered since 2017, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2018 complaint alleged that as a representative of Questar Corporation, he acted negligently, breached his fiduciary duty, was negligent in his supervisory duties, breached Connecticut law, and committed fraud in connection to the sale of equipment leasing partnerships. The complaint alleges damages of $1,007,557.

A 2013 complaint alleged that as a representative of Questar Corporation, he was negligent, breached his fiduciary duty, was negligent in his supervisory duties, committed fraud, and breached contract. The complaint reached a settlement of $27,500.

A 2011 complaint alleged that as a representative of Questar Corporation, he breached his fiduciary duty, acted negligently, breached contract, and committed fraud in connection to real estate investments. The complaint reached a settlement of $147,403.67.

A 2011 complaint alleged that as a representative of Questar Corporation, he acted negligently, breached contract, committed fraud, and was negligent in his supervisory duties. The complaint reached a settlement of $21,000.

Another 2011 complaint alleged that as a representative of Questar Corporation, he breached his fiduciary duty and committed fraud in connection to real estate investments. The complaint reached a settlement of $70,000.

A 2009 complaint alleged that as a representative of Questar Corporation, he breached his fiduciary duty and made misrepresentations and omissions of material facts connected to the sale of an unsuitable investment. The complaint reached a settlement of $187,500.

Carl Cornaglia has been registered with Kovack Securities in North Haven, Connecticut since December 2017. His employment history includes SII Investments in North Haven, Connecticut; Questar Capital Corporation in Wallingford, Connecticut; USAllianz Securities in Wallingford, Connecticut; Securities Services Network in Knoxville, Tennessee; MetLife Securities in Springfield, Massachusetts; and Metropolitan Life Insurance Company in New York, New York. His seven state registrations include California, Connecticut, Florida, New Hampshire, New York, North Carolina, and Pennsylvania. He has passed five securities industry qualification examinations.

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