Broker Investigation: Jeffrey Cohen of Moloney Securities 

On June 5, 2023, the Financial Industry Regulatory Authority (FINRA) reportedly barred financial advisor Jeffrey Cohen (CRD #2528929) from the securities industry. 

FINRA, the self-regulator who oversees brokers and brokerage firms, was reportedly investigating Cohen concerning allegations regarding the sale of securities through one of his prior Outside Business Activities in an arbitration matter disclosed on his Form U4.  

FINRA’s Form U4, collects information about an individual’s personal background, employment history, disciplinary history, and regulatory disclosures.  The regulator was reportedly investigating Cohen’s involvement in the sale of the securities noted in a customer arbitration. On March 20, 2023, FINRA sent a request to Cohen for information. By refusing to produce the information or documents as requested Cohen violated FINRA Rules 8210 and 2010.  

Jeffrey Cohen – FINRA BrokerCheck Profile 

The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA. Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them.

Jeffrey Cohen reportedly has nine customer complaints on his record. Allegations include unsuitable investment recommendations of alternative investments, among others. Cohen’s other business activities reportedly include Eqis Capital Management, according to his BrokerCheck report.

Cohen was reportedly affiliated with the following firms during his career:
 
07/31/2015 – 11/30/2021, MOLONEY SECURITIES CO., INC. (CRD#:38535), HENDERSON, NV,  

B, 05/18/2015 – 08/04/2015, WESTERN INTERNATIONAL SECURITIES, INC. (CRD#:39262), WESTLAKE VILLAGE, CA 

B, 11/18/2013 – 04/29/2015, FINANCIAL WEST GROUP (CRD#:16668) FINRA expelled the firm on 02/13/2020, RENO, NV 

Investigating Claims

The White Law Group is investigating potential securities claims involving Moloney Securities and its alleged failure to supervise former broker Jeffrey Cohen.  

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. FINRA arbitration is generally a faster and less expensive alternative to traditional litigation.     

If your broker has defrauded you, you may be able to file a claim with FINRA to seek resolution through arbitration. FINRA arbitration can be a complex and technical process, and having an experienced attorney who is knowledgeable about securities law can greatly increase your chances of success.    

Hiring a FINRA Attorney       

The experienced FINRA attorneys at the White Law Group can help you with the arbitration process including evaluating the merits of your claim and determining whether you have a strong case for arbitration.         

After drafting a statement of claim that accurately reflects the allegations of fraud and the damages you are seeking, our attorneys will represent you at the arbitration hearing, present evidence and make arguments on your behalf. They may be able to negotiate a settlement for you before going to arbitration.    

If you have suffered losses investing with Jeffrey Cohen, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
              
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.        

Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.         

With over 30 years of securities law experience, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions attempt to recover their investment losses.    For more information, please visit our website, www.whitesecuritieslaw.com.