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Did Moloney Securities Co., Inc. Broker Jeffrey Cohen Recommend You Unsuitable Investments?

Posted on Tuesday, June 16th, 2020 at 3:14 pm    

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Moloney Securities Co., Inc. broker Jeffrey Cohen (CRD# 2528929) is accused of unsuitable investment recommendations. Cohen has been registered with Moloney Securities Co., Inc. in Manchester, Missouri since 2015. 

Cohen has been the subject of six customer complaints between 2001 and 2020, according to his CRD report. Recent complaints are regarding:

April 2020. “It is alleged that the Registered Representative made unsuitable recommendations.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint took place while Cohen was registered with Moloney Securities Co., Inc. and was regarding direct investments. 

March 2020. “It is alleged that the Registered Representative made unsuitable recommendation(s). Sept 2016 – Current.” The customer is seeking $700,000 in damages and the case is currently pending. The complaint took place while Cohen was registered with Moloney Securities Co., Inc. and was regarding direct investments. 

February 2020. “It is alleged that the Registered Representative made unsuitable recommendation(s).” The customer is seeking $200,000 in damages and the case is currently pending. The complaint took place while Cohen was registered with Moloney Securities Co., Inc. and was regarding direct investments. 

August 2019. “It is alleged that the Registered Representative made an unsuitable recommendation for the client to invest in alternative investments.” The customer is seeking $2 million in damages and the case is currently pending. The complaint took place while Cohen was registered with Moloney Securities Co., Inc. and was regarding direct investments. 

August 2019. “It is alleged that the Registered Representative made an unsuitable recommendation for the client to invest in alternative investments.” The customer is seeking $3 million in damages and the case is currently pending. The complaint took place while Cohen was registered with Moloney Securities Co., Inc. and was regarding direct investments. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Moloney Securities Co., Inc. may be liable for investment or other losses suffered by Cohen’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.