Julie Lan Cohen of Camarillo, California, a stockbroker registered with Mutual Securities Inc., is the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Cohen breached her fiduciary duties, was negligent, and made misrepresentation and omissions, in violation of Financial Industry Regulatory Authority (FINRA) rules in connection with the recommendation and sale of certain over-the-counter equities when Cohen was associated with Mutual Securities Inc. Civil Action No. 20-cv-3653 (Dec. 15, 2020).
FINRA Public Disclosure shows that Cohen is referenced in other customer initiated investment related disputes concerning Cohen’s conduct while associated with securities broker dealers, including Mutual Securities Inc. On February 14, 2019, a customer initiated investment related FINRA securities arbitration claim involving Cohen’s conduct resulted a $727,000.00 Arbitration Award against Cohen and Mutual Securities Inc. The Statement of Claim alleges that Cohen also breached a contract, breached her fiduciary duties, was negligent, and made misrepresentations and omissions of material fact, in volation FINRA rules, and the securities laws. FINRA Arbitration No. 19-00408.
Also, on August 1, 2019, a FINRA securities arbitration claim involving Cohen’s conduct also alleging breach of fiduciary duty, negligence, and misrepresentations and omissions of material fact, in violation of FINRA rules and the securities laws with regard to the recommendation and sale of over-the-counter equities including foreign mining stocks, penny stocks, and over-the-counter securities when Cohen was associated with Mutual Securities Inc. FINRA Arbitration No. 19-02076. However, this claim was dismissed by the Arbitration Panel based upon Eligibility pursuant to Rule 12206(b) of the Code of Arbitration Procedure which provides that “No claim shall be eligible for submission to arbitration under the Code where six years have elapsed from the occurrence or event giving rise to the claim. The panel will resolve any questions regarding the eligibility of a claim under this rule.”
Cohen has been associated with Mutual Securities Inc. since January 7, 2008.
