Robert David Cohen (also known as Bob Cohen and as Rob Cohen) a former stockbroker and investment adviser representative of UBS Financial Services has been referenced in a customer initiated investment related written complaint on January 14, 2019 where the customer sought more than $5,000.00 in damages founded on accusations that unauthorized bond purchases were effected in the customer’s account. According to the complaint, the customer should not have been sold the bonds given the maturities on those bonds and given the customer’s age at the time of purchase. The claim also alleges that the customer had been mistreated when attempting to liquidate her UBS Financial Services account.
Cohen has been identified in three more customer initiated investment related disputes concerning allegations of his misconduct during the period that he was associated with Morgan Stanley. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer initiated investment related complaint concerning Cohen’s conduct was settled for $425,000.00 in damages supported by accusations that misrepresentations had been made to the customer concerning the liquidity of auction rate securities sold by Cohen at Morgan Stanley.
Another customer initiated investment related complaint regarding Cohen’s activities was settled for $10,695.24 in damages based upon allegations of misrepresentation to the Morgan Stanley customer concerning account access fees. Cohen is also the subject of a customer initiated investment related written complaint which was settled to resolve accusations that the customer’s investments had been misrepresented by the stockbroker. According to the complaint, the customer’s Morgan Stanley account had been mismanaged.
Cohen was discharged by UBS Financial Services on September 25, 2018 founded on allegations that he made false statements on his annual compliance questionnaires and had provided inaccurate information to the securities broker dealer during an investigation. UBS also alleged that Cohen violated its policies.
Since October 5, 2018, Cohen has been a stockbroker and investment adviser representative of Stifel Nicolaus Company Inc.