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Darryl Cohen Formerly With Morgan Stanley Has 12 Customer Complaints For Alleged Broker Misconduct

Who is Darryl Cohen formerly with Morgan Stanley?

Darryl Cohen

Darryl Cohen (CRD #2786613) who was formerly registered with Morgan Stanley and located in Westlake Village, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to Morgan Stanley, Darryl Cohen was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Darryl Cohen has had his own share of regulatory problems. In December 2021 he refused to cooperate within or in one of its investigations about whether he converted or improperly used customer funds and was permanently barred from any further association in any capacity in the securities industry. In March 2023 the SEC filed a civil action against him for allegedly defrauding 3 clients who are current and former NBA players. The civil action is still pending. That same day, the United States Attorney’s Office charged him criminally with conspiracy to commit wire fraud arising out of the same alleged misconduct the SEC is pursuing him civilly.

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Darryl Cohen Customer Complaints

Darryl Cohen has been the subject of 12 customer complaints that we know about recovering investment losses. One of Darryl Cohen’s 12 customer complaints resulted in an Award in favor of investor. Six of Darryl Cohen’s customer complaints were settled in favor of investors. Three of Darryl Cohen’s customer complaints were denied and, to date, the customers have not taken any further action. There are currently 2 pending customer complaints filed against Darryl Cohen’s current employer Morgan Stanley for investment losses caused by the alleged misconduct.

Allegations Against Darryl Cohen

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Payments were made from account without customer approval.
  • Misrepresentation with respect to recommendation of outside business investment utilizing firm credit-line.
  • Unsuitable investment recommendations utilizing firm credit-line.
  • Unsuitable recommendations related to use of credit-line to make real estate investments and purchase life insurance.
  • Arbitration award related to unsuitable and unauthorized trading.
  • Recommendations related to use of Liquidity Access credit-line to make loans to outside businesses.
  • Misappropriation of client funds.

Darryl Cohen Red Flags & Your Rights As An Investor

Of course, Darryl Cohen did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Darryl Cohen at Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Darryl Cohen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Morgan Stanley also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Morgan Stanley Due To Darryl Cohen

If you have questions about Morgan Stanley and/or Darryl Cohen and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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