Last Updated: June 2024 (Melville, NY)
Robert David Cohen Investigation Summary
Here’s what you need to know about Melville, NY stockbroker Robert David Cohen:
- Name: Robert David Cohen
- Current Employer: Stifel, Nicolaus & Company, Incorporated
- Prior Employer: UBS Financial, Morgan Stanley
- Function: Stockbroker / Financial Advisor
- Primary Location: Melville, NY
- Alias: Bob Cohen, Rob Cohen
- CRD Number: 1162192
- Can Robert David Cohen be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a prior employer: Yes
- Highest Settlement or Award: $425,000
- Pending Customer Dispute Seeks Damages of: Unspecified amount of damages
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 Robert David Cohen As Your Stockbroker?
In 5/2024 a customer of Stifel, Nicolaus & Company filed a pending FINRA claim alleging common law fraud, negligence, breach of contract, breach of fiduciary duty, violation of Section 10(b) of the Securities Exchange Act of 1934, violation of Section 20(a) of the Securities Exchange Act of 1934, and unsuitability. A specific amount of damages has not yet been pled.
In 9/2018 Cohen was discharged from UBS Financial. The firm makes the following allegation on Cohen’s FINRA record: “Cohen’s employment was terminated after an investigation by the Firm determined that he: 1)violated a FINRA rule and the Firm’s policies and procedures by providing monetary benefits to a Firm employee without the Firm’s knowledge or approval; 2) provided inaccurate and inconsistent statements during the investigation; and 3) provided numerous inaccurate affirmations on the annual Firm compliance questionnaires.”
Allegations of Broker Misconduct Against Robert David Cohen
Allegations
Customers of Robert David Cohen have alleged the following wrongdoing in connection with the handling of customer accounts:
- Mismanagement of accounts
- Misrepresentation of investments
- Misrepresentation of account access fees
- Misrepresentation regarding liquidity of auction rate securities
- Negligence
- Breach of fiduciary duty
- Breach of contract
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Our Investigations of other Stifel Nicolaus brokers
If you have suffered investment losses in an account handled by Robert David 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.