Last Updated: October 2023 (Garden City, NY)
David Cohen Investigation Summary
Here’s what you need to know about Garden City, NY, stockbroker David Cohen:
- Name: Mr. David Matthew Cohen
- Current Employer: Craft Capital Management , dba DMC Strategic Advisors
- Previous Firms: E.J. Sterling, Empire Asset Management
- Function: Stock Broker/ Financial Advisor
- Aliases: David Cohen
- Primary Location: Garden City, NY
- CRD 5858234
- Can David Cohen be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discloses Outstanding Judgement/Liens: Yes
- Highest Settlement : $367,500
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Cohen As Your Stockbroker?
David Cohen discloses 4 customer complaints that were settled, including the following:
In 3/2022 a customer of E.J. Sterling was paid $367,500 to resolve allegations that David Cohen made unsuitable trades in their account from 2012-2016.
IN 2013 a customer of E.J. Sterling was paid $142,000 to resolve allegations that David Cohen misrepresented his skills and overcharged commissions.
There are three judgment/liens currently outstanding according to David Cohen’s CRD including a lien in the amount of $27,529 in favor of the Internal Revenue Service, file 1/25/2015 New York State Court.
Allegations of Broker Misconduct Against David Cohen
Customers of David Cohen have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Misuse of margin borrowing
- Overcharged commissions
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by David Cohen, contact us for a complimentary consultation with an experience 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.
