The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Larry Cohen. According to his publicly available FINRA BrokerCheck report, Larry Cohen has been the subject of multiple customer disputes over the course of his career.

Larry Cohen is a New York based securities broker. He has worked in the securities industry for nineteen years. During his career, he has been registered with fourteen different securities firms.

His Registrations

  • First Institutional Securities (1999-2001)
  • Lehman Brothers (2001-2002)
  • CIBC World Markets Corp. (2002-2003)
  • Fahnestock & Co. (2003)
  • Ryan Beck & Co. (2003-2005)
  • Maxim Group (2004-2006)
  • Capital Growth Financial (2006-2007)
  • Gilford Securities (2007-2008, 2012-2013)
  • Joseph Gunnar & Co. (2008-2009)
  • VFinance Investments (2009-2010)
  • Advanced Equities (2010-2012)
  • Paulson Investment Company (2013-2016)
  • Osprey Partners (2016-2017)
  • Aegis Capital Corp. (2018-Present)

The Allegations

  • In January 2005, a customer alleged that Larry Cohen executed unauthorized trades on their behalf. This case was settled for $19,000 in damages.
  • In November 2019, multiple customers alleged that Larry Cohen failed to disclose material information regarding their investments in real estate projects. This case is presently pending. The customers are seeking almost $2.5 million in damages.

What Does This Mean?

Securities brokers are required to disclose all pertinent information to their customers about their investments or potential investments. All conveyed information is also to be one hundred percent accurate. When a securities broker provides their customer with falsified information, it is referred to as misrepresentation. When a securities broker leaves out crucial details about an investment, it is referred to as omission. These acts can occur either on purpose through the broker’s fraudulent intent, or by accident, through the broker’s own negligence. However, intent is irrelevant in these situations as these acts can cause serious financial harm to investors no matter the motivation. This is because they can lead to investors making important financial decisions based on misinformation.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Larry Cohen, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.