Broker Investigation: Mark Charles Cohen

Broker Investigation: Mark Charles Cohen
Mark Charles Cohen (CRD#: 4534879) is a former broker and investment advisor. From 2014 to 2018, Mr. Cohen was associated with BCG Securities, Inc. in New York, New York. This broker has also worked at MetLife Securities and AXA Advisors.

On September 4th, 2018, Mark Charles Cohen was expelled from the securities industry by FINRA. Without admitting or denying any wrongdoing in this case, Mr. Cohen consented to findings that he falsified expense reports for ‘phantom’ client events.  Here, our securities fraud lawyers review the complaint against this broker.

Barred Broker: Mark Charles Cohen Formerly of Metlife Securities

According to FINRA, the misconduct in this case occurred in 2012 and 2013, while Mark Charles Cohen was a securities representative at Metlife Securities. During that time, Metlife Securities had a ‘Co-Op Marketing Program’ that subsidized a portion of the costs that individual brokers incurred when they were setting up ‘approved’ marketing events with actual or prospective clients.

FINRA alleges that Mr. Cohen improperly converted nearly $15,000 from his member firm by preparing wholly false expenses reports and submitting them to the firm’s marketing reimbursement program. FINRA contends that the marketing events never occurred at all, and that they were for ‘phantom’ clients. The events included a Kanye West concert, a New York Knicks game, and luxury steakhouse dinners.

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