Eliot Charles Cohen, of Los Angeles, California, a stockbroker currently registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related written complaint on April 17, 2017, in which the customer requested damages estimated to exceed $5,000.00 based upon allegations that Cohen, over an eighteen-month period, effected master limited partnership and stock transactions in the customer’s account that were not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Cohen has been identified in three additional customer initiated investment related disputes containing allegations of his misconduct while employed with Prudential-Bache Securities and Oppenheimer & Co. Inc. Particularly, on April 23, 2010, a customer filed an investment related written complaint involving Cohen’s conduct, in which the customer requested more than $5,000.00 in damages based upon allegations that he effected unauthorized over-the-counter equity transactions in the customer’s account.
Further, on July 5, 2016, a customer initiated investment related arbitration claim regarding Cohen’s activities was resolved for $300,000.00 in damages based upon allegations that Cohen, between January of 2011 and June of 2016, excessively traded microcap and small cap stocks in the customer’s account, effected transactions that were not suitable for the customer, and over-concentrated the customer’s investment portfolio in oil & gas products.
Guiliano Law Group
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