Advisor Alert: Our Attorneys Are Investigating David Matthew Cohen For Investment Fraud
Did You Lose Money Because of David Cohen?
Filed: January 16, 2024
David Cohen currently has three (3) pending judgment/lien events. Overall, he has been the subject of one (1) criminal event, five (5) customer complaints, and three (3) judgment/lien events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on David Matthew Cohen.
Who Is David Matthew Cohen of Craft Capital Management LLC?
- Advisor Name: David Matthew Cohen
- Aliases: David Cohen
- CRD: 5858234
- Location: Garden City, New York
- Current Employer: Craft Capital Management LLC
- Previous Firms: Spartan Capital Securities, LLC, E.J. Sterling, LLC, and Empire Asset Management Company
- Number of Known Customer Complaints: 5
- Number of Known Criminal Events: 1
- Number of Known Judgment/Lien Events: 3
- Can David Cohen Be Sued: Yes, in Private Arbitration
- Can David Cohen’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $900,000
- Highest Settlement: $367,500
If you have suffered investment losses by David Cohen, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against David Cohen For Broker Misconduct
As of this publication date, David Cohen has been the subject of 1 criminal event, 5 customer disputes and 3 judgment/lien events. Let’s review them below.
In October 2020, a complaint was filed against or in reference to David Cohen by a customer of E.J. Sterling, LLC alleging unsuitable trading between September 2012 to March 2016. Per the customer, he/she lost over $900,000 because of Mr. Cohen’s actions. On March 25, 2022, Mr. Cohen settled the claim for $367,500, and some or all of this amount may have been paid by Mr. Cohen’s employer and/or insurance carrier.
In November 2019, David Cohen was the subject of a civil judgment or lien in the amount of $8,366. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In March 2019, David Cohen was the subject of a civil judgment or lien in the amount of $742. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In January 2015, David Cohen was the subject of a civil judgment or lien in the amount of $27,529. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In May 2014, a complaint was filed against or in reference to David Cohen by a customer of E.J. Sterling, LLC alleging excessive commissions, an unauthorized trade, and failure to utilize stop loss order. Per the customer, he/she lost over $5,000 because of Mr. Cohen’s actions. On May 16, 2014, Mr. Cohen settled the claim for $15,965.
In May 2014, a complaint was filed against or in reference to David Cohen by a customer of E.J. Sterling, LLC alleging that Mr. Cohen inadvertently misrepresented the client’s account value, causing the client to authorize the sale of options positions in his account. Upon liquidation, he realized that the amount was miscalculated. The client based his decision to liquidate on the value presented at the time. Per the customer, he lost over $5,000 because of Mr. Cohen’s actions.
In December 2013, a complaint was filed against or in reference to David Cohen by a customer of E.J. Sterling, LLC alleging unauthorized trades were made in the client’s account between July and November 2013. Per the customer, he/she lost over $10,000 because of Mr. Cohen’s actions. On March 10, 2014, Mr. Cohen settled the claim for $8,000.
In August 2013, a complaint was filed against or in reference to David Cohen by a customer of E.J. Sterling, LLC alleging that client was unhappy with the performance of the account in lieu of brokers representation of skills; communications regarding account value; margin usage; and frequency of trading. the client also claimed to have felt misled as to prospects of performance. The client questioned why no commission schedule was utilized in determining charges related to securities transactions and desired that the commissions be related to the performance of the account. On August 13, 2013, Mr. Cohen settled the claim for $142,000.
In January 2007, misdemeanor charges were pressed against Mr. Cohen in the Tempe Municipal Court for 4-241E – Class 3 Misdemeanor – Using false identification to enter a bar and 28-3478-3 – Presenting DL of another as own.
How To File A Claim Against David Cohen of Craft Capital Management LLC (previously with Spartan Capital Securities, LLC, E.J. Sterling, LLC, and Empire Asset Management Company) To Get Your Money Back
If you have questions about David Cohen, Craft Capital Management LLC, Spartan Capital Securities, LLC, E.J. Sterling, LLC, Empire Asset Management Company, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.