Last Updated: November 2025 — Westlake Village, CA
Here’s what you need to know about Westlake Village, CA stockbroker Darryl Matthew Cohen:
- Name: Darryl Matthew Cohen
- Current Employer: Barred from acting as a broker by FINRA
- Prior Firms:
- Morgan Stanley (Westlake Village, CA), 06/2015–04/2021
- Wells Fargo Advisors, LLC (Westlake Village, CA), 05/2003–06/2015
- Merrill Lynch, Pierce, Fenner & Smith Inc. (New York, NY), 02/1997–05/2003
- CRD number: 2786613
- Stockbroker / Financial Advisor: Former—this broker is not currently registered.
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: Yes
- Discharged by a Prior Employer: Yes
- Highest Award or Settlement: Multiple large settlements, including $2,500,000, $1,700,000 and $1,575,000.
- Current Customer Dispute Seeks Total Damages of: Amount not yet specified
If you’ve sustained damages from Mr. Cohen, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Darryl M. Cohen as Your Stockbroker?
Feb. 16, 2022-Cohen was permanently barred by FINRA after failing to fully comply with FINRA Rule 8210 information requests during an investigation spurred by customer claims involving alleged mismanagement, “selling away,” and unusual money movement. Many of the complaining customers were current and former professional athletes .
The U.S. Securities and Exchange Commission (SEC) filed a civil enforcement action in March 2023(S.D.N.Y., Case No. 1:23-cv-02453) alleging that between Oct. 2017 and Apr. 2020 Cohen misappropriated at least $1 million from three advisory clients (current and former NBA players) by transferring funds without their authorization to outside expenditures from which he personally benefited. The case is pending.
Settlements
- $2,500,000 settlement (FINRA Case No. 21-00110; settled 7/15/2022- alleging unauthorized payments and pressured use of a Liquidity Access Line.
- $1,700,000 settlement (FINRA Case No. 21-00822; settled 8/10/2022) alleging unsuitability involving investments and a credit line (2015–2020).
- $1,575,000 settlement (FINRA Case No. 21-02498; settled 11/7/2022) alleging unauthorized payments and use of a Liquidity Access Line (2017–2019).
- $275,000 settlement (settled 8/12/2025) regarding excess fees and unnecessary borrowing.
- $250,000 settlement (FINRA Case No. 24-00393;settled 6/5/2025) alleging selling away/unauthorized transfers.
- Arbitration Award: NASD Case No. 01-05581—award $81,851 plus interest -allegations included negligence, unsuitability, misrepresentation, fraud, unauthorized trading; award dated 5/4/2005.
Allegations of Broker Misconduct Against Darryl Matthew Cohen
- Unsuitability
- Breach of Fiduciary Duty / Best-Interest Obligations
- Fraud / Misrepresentation or Omission of Material Facts
- Unauthorized Trading
- Failure to Cooperate With FINRA
- Misappropriation
Other Cases Involving Unauthorized Trading
Investigations involving Theft and Misappropriation of Customer Funds
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other Morgan Stanley Brokers
If you have suffered investment losses in an account handled by Darryl Matthew Cohen, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.