Robert Cohen is the Subject of Fraud Allegations

Robert Cohen (CRD #: 1162192), a broker registered with Stifel, Nicolaus & Company, is the subject of his fifth investor dispute. This is according to his BrokerCheck record, accessed on July 26, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On May 15, 2024, personal representatives of a deceased investor’s estate alleged that Robert Cohen engaged in common law fraud. They further alleged negligence, breach of contract, breach of fiduciary duty, misrepresentation, and unsuitable investment recommendations. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Employment Separation After Allegations 

On September 25, 2018, UBS Financial Services fired Robert Cohen following allegations that he provided inaccurate affirmations on annual compliance questionnaires. 

Background Information 

Robert Cohen has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 
• Series 8 General Securities Sales Supervisor Examination (Optional Module & General Module) 

He is a registered broker in 27 states and is a registered investment adviser in New York and Texas. 

Robert Cohen has registered with the following firms: 

• Stifel, Nicolaus & Company (CRD #: 793) 
• UBS Financial Services (CRD #: 8174) 
• Morgan Stanley & Co. (CRD #: 8209) 
• Morgan Stanley DW (CRD #: 7556) 
• Butcher & Singer (CRD #: 6517) 

Kurta Law Can Help 

If you have worked with Robert Cohen and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.