BROKER REPORT: Customer Complaints Against Financial Adivisor Jared Cohen

businessman-with-the-notebook-1-1362246-m-141x300The securities fraud attorneys at Malecki Law are interested in hearing from investors who have complaints against stockbroker Jared Cohen.  Mr. Cohen is reportedly registered with Ameriprise Financial Services, Inc., based out of Armonk, NY.  He has also recently been registered with IDS Life Insurance Company, according to industry records.

According to BrokerCheck, as maintained by the Financial Industry Regulatory Authority (“FINRA”), Mr. Cohen has been the subject of two customer complaints in the past six years.  Mr. Cohen has been the subject of complaint alleging misrepresentations of investment risk and over-concentration in non-traded Real Estate Investment Trusts (“REITs”), as well as misrepresentations surrounding the sale of preferred stock recommendations, per FINRA records.

Of these customer disputes, FINRA records indicate that one customer initiated a FINRA arbitration and recovered $25,000 in a settlement with Ameriprise.

The recommendation of REITs can be especially risky for investors because non-traded REITs are notoriously illiquid, meaning they cannot be easily sold if the investor needs access to the money.  Since the recession, many investors suffered significant losses in non-traded REITs.

Other investments that can be equally illiquid and risky, if not more so, include Oil & Gas Limited Partnerships, Tenants-In-Common real estate investments (“TICs”), and variable annuities.

If you or a family member lost money invested with Jared Cohen, you are encouraged to contact the securities fraud lawyers at Malecki Law for a free consulation and case evaluation at (212) 943-1233.

Malecki Law has successfully brought securities actions on behalf of investors who suffered losses as a result of unscrupulous actions taken in their securities accounts, recovering millions of dollars for their clients.

Malecki Law takes a proactive and informed approach to the financial news of today: actively engaging in fact-finding analysis on prospective cases from around the world. Our thorough knowledge of securities law’s history and fine points makes us ideal consultants for investors who have suffered losses due to misadvice from their broker or other financial counsel.