Stifel, Nicolaus & Company, Incorporated broker Robert Cohen (CRD# 1162192) is accused of mutual fund losses. He has been registered with Stifel, Nicolaus & Company, Incorporated in Melville, New York, since 2018. He was registered with UBS Financial Services Inc. in Garden City, New York, from 2009 to 2018, when he was terminated regarding, “Cohen’s employment was terminated after an investigation by the Firm determined that he: 1) violated a FINRA rule and the Firm’s policies and procedures by providing monetary benefits to a Firm employee without the Firm’s knowledge or approval; 2) provided inaccurate and inconsistent statements during the investigation; and 3) provided numerous inaccurate affirmations on the annual Firm compliance questionnaires.”
Robert Cohen Customer Complaints
He has been the subject of two customer complaints between 2019 and 2024, one of which was denied, according to his CRD report:
May 2024. “Claimants, as Personal Representatives of the deceased client’s Estate, allege common law fraud, negligence, breach of contract, breach of fiduciary duty, violation of Section 10(b) of Securities Exchange Act of 1934 and FINRA Rule 2020, violation of Section 20(a) of Securities Exchange Act of 1934, and unsuitability.” The case is currently pending. The complaint was regarding mutual fund losses, and it took place while he was registered with Stifel, Nicolaus & Company, Incorporated.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Stifel, Nicolaus & Company, Incorporated may be liable for investment or other losses suffered by Robert Cohen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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