Darryl Cohen Embroiled in Allegations of Misappropriated Funds

Darryl Cohen (CRD #: 2786613), a broker registered with Morgan Stanley, is involved in a client complaint alleging that he misappropriated funds, according to his BrokerCheck record, accessed on December 21, 2020. This isn’t Cohen’s only recent disclosure. Investors should review the details, which are provided below.

Excessive Trading Edit

On November 18, 2020, a client alleged that Darryl Cohen misappropriated funds between 2017 and 2019. The client is seeking $480,000; the dispute is pending.

On May 27, 2020, a client alleged that Cohen recommended unsuitable investments, particularly when using a liquidity access line to loan funds to outside business entities. The dispute is pending.

On October 3, 2011, a client alleged that he made numerous attempts to get Darryl Cohen to liquidate positions in his two accounts, but that Cohen failed to follow instructions. This dispute was denied by the firm.

On April 5, 2010, a client alleged that Cohen unauthorized a journal transfer from his account to the account of another one of Cohen’s customers. The client sought $10,000; the dispute settled for $16,500.

On November 5, 2001, clients alleged that Darryl Cohen recommended unsuitable trades and executed unauthorized trades. The clients sought $96,000; the dispute entered into arbitration and settled for $81,851. You can read a copy of the settlement here.

Darryl Cohen has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in 24 states and a registered investment adviser in California, Nevada, and Texas.

Cohen has 23 years of experience and has worked for the following three firms:

  • Morgan Stanley (CRD #: 149777)
  • Wells Fargo Advisors (CRD #: 19616)
  • Merrill Lynch Pierce Fenner & Smith (CRD #: 7691)

If Darryl Cohen was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

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