Mark Charles Cohen of New York New York a stockbroker formerly registered with BCG Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages based upon accusations that (1) due diligence was not properly performed prior to Cohen having recommended or sold direct investments to the BCG Securities customer and (2) direct participation program interests or limited partnership interests failed to be suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00641 (Mar. 4, 2020).
FINRA Public Disclosure reveals that Cohen has been identified in three additional customer initiated investment related disputes containing allegations of his misconduct while employed by AXA Advisors. Cohen is the subject of a customer initiated investment related written complaint in which the customer requested unspecified damages based upon allegations that misrepresentations had been made to the AXA Advisors customer by Cohen with respect to a variable life insurance policy.
An additional customer filed an investment related complaint concerning Cohen’s activities where the customer sought unspecified damages founded on accusations of a variable life insurance policy and a variable annuity being misrepresented by Cohen while he was employed by AXA Advisors. Cohen is also the subject of a customer initiated investment related written complaint which was resolved for $118,804.56 in damages founded on accusations of the AXA Advisors customer being sold annuities by Cohen that were in no way suitable in view of the customer’s needs and her age.
Cohen has been barred from associating with any FINRA member in any capacity according to a Decision and Order of Offer of Settlement containing findings of Cohen converting funds in violation of FINRA Rule 2010. Letter of Acceptance Waiver and Consent No. 2014040761001 (Sept. 4, 2018).
Cohen was associated with BCG Securities between May 19, 2014 and September 5, 2018.
