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Mark Cohen Formerly With BCG Securities Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Mark Cohen formerly with BCG Securities?

Mark Cohen (CRD #4534879) who was formerly registered with BCG Securities and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.

Mark Cohen was also the subject of a FINRA investigation while employed at MetLife Securities, Inc. according to FINRA, Mark Cohen allegedly prepared and submitted several false expense reports to the brokerage firm seeking reimbursement pursuant to the firm’s marketing reimbursement program.  Mark Cohen consented to a permanent bar by FINRA from any further association with any member firm in any capacity.

Mark Cohen Customer Complaints

Mark Cohen has been the subject of 5 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Mark Cohen’s 5 customer complaints was settled in favor of investors. Two of Mark Cohen’s customers’ complaints were denied and, to date, the customers have not taken any further action. There are currently two pending customer complaints filed against BCG Securities for investment losses caused by Mark Cohen’s alleged misconduct.

Allegations Against Mark Cohen

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

  • Client alleged Mark Cohen’s misrepresentation in the sale of a variable life insurance policy. Client requested the firm to terminate the policy without the imposition of a withdrawal charge.
  • Client alleged Mark Cohen’s misrepresentation in the sale of a variable annuity and variable life insurance policy.
  • Client alleged the sale by Mark Cohen of various variable annuities were unsuitable due to her age and financial needs. Client requested the firm to rescind all contracts and refund her original investment, plus gains, without the imposition of surrender charges. Damages unspecified.
  • Customer alleged Mark Cohen’s unsuitable sale of investment due to improper due diligence.

Mark Cohen Red Flags & Your Rights As An Investor

Of course, Mark 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 Mark Cohen at BCG Securities on alert to review carefully the activity and performance of their accounts and question whether Mark Cohen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at BCG Securities 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.

File A Claim To Recover Your Investment Losses At BCG Securities Due To Mark Cohen

If you have questions about BCG Securities and/or Mark 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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