National investment loss lawyers KlaymanToskes reports Moloney Securities broker/investment advisor Jeffrey Max Cohen (CRD# 2528929) has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”).
FINRA’s decision was made in connection with its investigation of allegations regarding Cohen’s sale of securities through one of his prior outside business activities, and his failure to produce investigation-related information. Cohen violated FINRA Rule 8210 and Rule 2010.
Investors that suffered losses with Jeffrey Cohen at Moloney Securities may have recovery options. Contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss your legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
On June 5th, 2023, Jeffrey Max Cohen entered into a regulatory agreement known as a Letter of Acceptance, Waiver, and Consent with FINRA’s Department of Enforcement, which permanently barred the broker from conducting securities business at any FINRA-regulated brokerage firm.
According to the AWC, the matter originated from “allegations regarding the sale of securities through one of Cohen’s prior outside business activities in an arbitration matter disclosed on Cohen’s Uniform Application for Securities Industry Registration or Transfer (Form U4).”
FINRA’s Form U4 contains information regarding an individual’s background, employment history, disciplinary history, and regulatory disclosures. FINRA was investigating Cohen’s involvement in the sale of the securities noted by a customer in an arbitration case. By declining to produce information or documents requested by FINRA pursuant to FINRA Rule 8210, Cohen violated FINRA rules and consented to sanctions of a permanent bar
Additionally, according to FINRA BrokerCheck, Jeffrey Max Cohen has nine customer complaints disclosed. All nine complaints against Cohen have been settled in favor of the investors for $2.6 million in collective damages. Many of Cohen’s customer complaints alleged illiquid alternative investments were misrepresented and unsuitable.
Investors that suffered losses with Jeffrey Cohen are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Under FINRA Rule 8210, all brokerage firms and registered financial professionals are required to provide information, documents, and testimony upon regulators’ requests.
A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires brokerage firms and their registered representatives to “observe high standards of commercial honor and just and equitable principles of trade.”
If you suffered investment losses due to unsuitable investment recommendations and/or other securities violations by your brokerage firm and/or broker/advisor, contact Lawrence L. Klayman, Esq. at (888) 997-9956 or by email at lklayman@klaymantoskes.com to discuss your recovery options.
Consultations are free and every case is taken on a contingency basis, meaning we do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered more than $250 million for investors in FINRA arbitrations and over $350 million in other securities litigation matters for its clients. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com