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Seymour Cohen Involved in Investor Dispute

Seymour Cohen (CRD #:2007478), a formerly registered broker, is involved in an investor dispute, according to his BrokerCheck record, accessed on March 1, 2022. 

According to the allegations filed on November 23, 2021, Seymour Cohen borrowed $200,000 from his client. According to the promissory note he gave to the client, Seymour Cohen stated he would repay the loan with interest upon selling his home. The investor is seeking $200,000一the case is still pending.

FINRA Rule 3240

A broker may only borrow from or lend to one of their firm’s customers if that member firm has written procedures permitting borrowing from customers. If there are written guidelines, the broker in question must follow all of those internal requirements together with the stipulations stated in FINRA Rule 3240, which governs borrowing and lending arrangements between registered members and their member firms’ customers.

A violation of FINRA Rule 3240 also constitutes a violation of FINRA Rule 2010, which requires associated persons to observe high standards of commercial honor and just and equitable principles of trade in the conduct of their business.

Background Information

Seymour Cohen has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He has worked with the following firms:

  • Wilmington Capital Securities (CRD#:133839)
  • Clark Dodge & Co. (CRD#:23288)
  • S.W. Bach & Company (CRD#:43522)
  • Kirlin Securities (CRD#:21210)
  • SJV Securities (CRD#:22897)

Kurta Law Can Help

If you have been victimized after working with Seymour Cohen, don’t hesitate to contact us today at 877-600-0098 or 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 and 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. Please reach out if you have any questions about what steps to take next to recover your investment losses.