Darryl Matthew Cohen of Westlake Village, California, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he did not comply with an investigation into his use of customer funds. Letter of Acceptance Waiver and Consent No. 2020066797301 (February 16, 2022).
Public Disclosure shows that Cohen is referenced in ten total customer initiated investment related disputes concerning his conduct while associated with securities broker dealers, including Morgan Stanley Smith Barney. Cohen is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Cohen made unauthorized transactions when Cohen was associated with Morgan Stanley Smith Barney. FINRA Arbitration No. 21-00110 (January 22, 2021).
Cohen is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Cohen made misrepresentations at Morgan Stanley. FINRA Arbitration No. 21-01033 (April 20, 2021).
On October 1, 2021, another customer filed an arbitration claim involving Cohen’s activities in which the customer requested $2,000,000.00 in damages based upon allegations that Cohen made unauthorized transactions and steered customers towards using a liquidity access line to make insurance and real estate securities transactions when Cohen was associated with Morgan Stanley Smith Barney. FINRA Arbitration No. 21-02498.
On August 10, 2022, a different arbitration claim involving Cohen’s conduct was settled for $1,700,000.00 in damages based upon allegations that Cohen made unsuitable recommendations in connection with the sale of equities and insurance products at Morgan Stanley Smith Barney. FINRA Arbitration No. 21-00822.
