Broker Darryl Cohen Accused of Defrauding Pro Athletes

据称解雇了加利福尼亚的财务顾问，数百万的职业运动员

Darryl Matthew Cohen, a former top-producing Morgan Stanley Smith Barney registered representative of Southern California, faces a FINRA bar beginning February 16, 2022.This bar will come into effect unless he cooperates in the self-regulatory organization’s (SRO’s) probe into allegations that he improperly used customers’ money. A number of the clients who have stepped forward to complain are current and ex-professional athletes.

摩根士丹利（Morgan Stanley）于2021年3月解雇了达里尔·科恩（Darryl Cohen），据称从事未披露的外部业务活动，并使用未经批准的平台与客户沟通不当。他在BrokerCheck上列出了9个客户纠纷，其中4个仍在待定，其中损害赔偿总计数百万美元。

Please contact our broker misconduct attorneys if you suffered losses while working with Darryl Cohen. We represent high-net-worth investors pursuing damages from brokerage firms and their financial advisors.

Call Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) at（800）259-9010today.

Misrepresentations and Unsuitability Alleged by Broker Darryl Cohen Customers

Most of the Morgan Stanley clients of Darryl Cohen who are reporting losses are or were professional athletes, including ex-Atlanta Hawks forward Chandler Hawkins, whose career ended in 2020 following a car crash.

Hawkins, NBA player Courtney Lee, and related entities have filed a $5M FINRA arbitration claim against the broker-dealer. They contend that payments were made from their accounts between 2017 and 2019 without their approval.

Also, they are alleging that they were encouraged to take out a liquidity access line for life insurance policies that they hold no interest in. In another FINRA arbitration case, Ex-Major League baseball player Nyjer Morgan also is seeking damages from Morgan Stanley after working with Cohen.

Customer Disclosures Against the Ex-Morgan Stanley Broker are Still Pending

The disclosures found onDarryl Cohen’s BrokerCheckare still pending. Below are a few examples of the claims made against the broker:

10/2021: Claimants are requesting $2M in damages over allegedly unapproved payments and the recommendation of a liquidity access line for real estate and life insurance policies.
4/2021: Claimant is seeking $100K in damages. They’re alleging misrepresentations related to an outside business investment recommendation via a line of credit from the firm.
4/2021：这些投资者声称涉及投资和信用额度的不合适性。他们要求赔偿230万美元。
1/2021: This FINRA arbitration claim is for $5M in damages. This appears to be the customer dispute involving Hawkins and Lee.

2021年，达里尔·科恩（Darryl Cohen）在福贝（Forbe）的加利福尼亚最佳财务顾问名单中排名第56。他于2019年曾是摩根士丹利（Morgan Stanley）的董事总经理。经纪人是该公司全球体育和娱乐集团的一部分，与演艺人员和运动员合作。

他和他的父亲摩根士丹利经纪人马克·科恩（Marc Cohen）管理了6.56亿美元的客户资产，其中包括不到100万美元的帐户。

科恩（Cohen）在该行业工作了23年，从2015年到2021年，科恩（Cohen）是摩根士丹利（Morgan Stanley）的经纪人。在此之前，他是一名富国银行（Wells Fargo Advisors）财务顾问，已有12年，并且是Merrill Lynch注册代表已有6年了。

Fighting For Pro Athletes and Other Wealthy Investors

Professional athletes may earn a lot of money, but many of them are unsophisticated investors who rely entirely on their financial advisors to manage their money correctly.Unfortunately, unscrupulous brokers out there may abuse that trust and have been known to defraud pro athletes of their hard-earned income and life savings.

SSEK Law Firm represents investors of all experience levels and income streams, going after the firms and financial advisors responsible for their losses. Call our California broker negligence lawyers at(619) 550-4847。或者，请联系我们的证券律师事务所bob200体育（800）259-9010today.