Robert Cohen Terminated from UBS Over Rule Violations, Inaccurate Statements

Robert CohenPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on November 20, 2018 indicate that New York-based Stifel Nicolaus & Company broker/adviser Robert Cohen, who has received customer disputes, was recently discharged from his former employer in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cohen (CRD# 1162192).

Robert Cohen has spent 35 years in the securities industry and has been registered with Stifel Nicolaus & Company in Garden City, New York since October 2018. Previous registrations include UBS Financial Services in Garden City, New York (2008-2018); Morgan Stanley & Company in Jericho, New York (2007-2008); Morgan Stanley DW in Jericho, New York (1990-2007); and Butcher & Singer (1983-1990). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 16, 1994; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 23, 1983; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 3 (National Commodity Futures Examination), which he obtained on January 25, 1991; Series 7 (General Securities Representative Examination), which he obtained on August 20, 1983; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on August 16, 1994. He is a registered broker and investment adviser with 25 US states and territories: Arizona, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Kansas, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Tennessee, Texas, Vermont, Virginia, Washington, and Wisconsin. He is registered with six self-regulatory organizations (SROs): Cboe BZX Exchange Inc., FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he was recently discharged from his former employer in connection to alleged rule violations and has received three customer complaints.

In September 2018 he was terminated from his position at UBS Financial Services in connection to a firm investigation’s determinations that he violated a FINRA rule and company policies by giving financial benefits to a firm employee without firm knowledge or approval; that he gave “inaccurate and inconsistent statements” in the course of the investigation; and that he “provided numerous inaccurate affirmations” on the firm’s annual compliance questionnaires.

In 2010 a customer alleged Robert Cohen, while employed at Morgan Stanley & Company, mismanaged accounts and made misrepresentations of material facts. The complaint settled for $4,000.

In 2008 a customer alleged Robert Cohen, while employed at Morgan Stanley & Company, misrepresented account access fees. The complaint settled for more than $10,600.

In 2008 a customer alleged Robert Cohen, while employed at Morgan Stanley & Company, misrepresented an investment in auction rate securities as liquid. The complaint settled with the firm’s repurchase of the securities at par value, for $425,000.

If you or someone you know has lost money investing with Robert Cohen, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.