Alan Cohen Facing Client Disputes Alleging Mismanagement

Investors allegedly experienced losses because of securities broker / financial advisor Alan Jeffrey Cohen [CRD: 1465867, New York, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Alan Cohen worked for UBS Financial Services Inc. from January 12, 2007, to September 10, 2021, before joining Stifel Nicolaus Company Incorporated on September 1, 2021. These are Alan Cohen's disclosures and how they might have impacted investors.

UBS Financial Services Inc. Investor Accused Cohen Of Unauthorized Withdrawals

Notably, on November 8, 2023, a UBS Financial Services Inc. client filed a complaint about Alan Cohen. The client alleged unauthorized withdrawals of funds and omissions of fees. Because of this, the investor supposedly sustained damages related to hedge funds. As a result, they requested damages from UBS Financial Services Inc. or Cohen. However, the complaint was denied.

Alan Cohen Disclosed Misrepresentation Allegations By Citigroup Global Markets Inc. Client

Particularly, a client of Citigroup Global Markets Inc. contested Alan Cohen’s sales practices, according to a complaint dated October 31, 2005. Notably, the investor alleged Cohen misrepresentation. Allegedly,  Cohen allegedly caused the client to sustain damages on stocks. Therefore, they sought damages from Citigroup Global Markets Inc. or Cohen in this matter. The claim was denied on May 23, 2006.

Investor Accused Cohen Of Breach Of Fiduciary Duty

Specifically, a Salomon Smith Barney client filed NYSE Arbitration: 2001-008874 about Alan Cohen. The client alleged breach of fiduciary duty, unsuitable recommendations, negligence, breach of contract, violation of NASD and NYSE rules, failure to supervise, and misrepresentation. Because of this, the investor supposedly sustained damages on stocks. Consequently, on November 21, 2001, Salomon Smith Barney settled this matter by paying the client $35,000 in damages.

Alan Cohen Disclosed Unauthorized Trading Allegations By Shearson Lehman Brothers Inc. Client

Also, a client of Shearson Lehman Brothers Inc. contested Alan Cohen’s sales practices by filing NASD Arbitration: #91-02938. Notably, the investor alleged unsuitable recommendations, misrepresentation, and unauthorized trading, and failed to supervise the client’s account. Allegedly,  Cohen caused the client to sustain damages on the investments. As a result, NASD Arbitrators issued an Award compelling Shearson Lehman Brothers Inc. and Cohen to compensate the client.

Did You Sustain Losses Because Of Securities Broker Alan Cohen?

Have you incurred losses through Alan Cohen? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group investment loss recovery lawyers help individuals throughout the United States, work on a contingency fee basis, and advance all costs. Cohen and the brokerage firms he worked for deny accusations of sales practice violations.