Larry Cohen Allegedly Recommended Unsuitable Investments

Larry Cohen (CRD #: 3191796), a broker registered with Dominari Securities, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on March 18, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On January 8, 2025, an investor alleged that Larry Cohen gave unsuitable investment recommendations. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their tax status, risk tolerance, and investing experience.

Securities may be unsuitable because they are high-risk and lead to losses for the investor, or because they are illiquid and difficult to sell. Trades may be quantitatively unsuitable, meaning that the broker executed an excessive number of trades, cutting into the client’s returns with trading fees.

Investment strategies must also meet the requirements of suitability. Overconcentration is often an unsuitable investment strategy which can increase the risk for an investor beyond what is appropriate for their financial situation.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Larry Cohen has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Municipal Securities Representative Examination – Series 52
• Uniform Securities Agent State Law Examination – Series 63

Larry Cohen is a registered broker in 28 states and Puerto Rico.

He has also worked for the following firms:

• Aegis Capital Corporation (CRD#:15007)
• Osprey Partners (CRD#:38122)
• Paulson Investment Company (CRD#:5670)
• Gilford Securities (CRD#:8076)
• Advanced Equities (CRD#:35545)
• VFinance Investments (CRD#:44962)
• Joseph Gunnar & Company (CRD#:24795)
• Gilford Securities (CRD#:8076)
• Capital Growth Financial (CRD#:41040)
• Maxim Group (CRD#:120708)
• Ryan Beck & Company (CRD#:3248)
• Fahnestock & Company (CRD#:249)
• CIBC World Markets Corporation (CRD#:630)
• Lehman Brothers (CRD#:7506)
• First Institutional Securities (CRD#:23910)

Kurta Law Can Help

If you worked with Larry Cohen and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.