LAWRENCE MICHAEL COHEN

LAWRENCE MICHAEL COHEN is currently employed as a Broker and/or Investment Adviser at MESIROW FINANCIAL, INC. located at 353 N. CLARK STREET, Whitefish, MT, 60654.

LAWRENCE MICHAEL COHEN has worked at MESIROW FINANCIAL, INC. since December 14, 1993

Disclosure History

LAWRENCE MICHAEL COHEN has 1 Disclosure Event(s).

Date: September 25, 2014
Category: Customer Dispute
Allegations: THIS ARBITRATION CLAIM ARISES OUT OF A FAMILY DISPUTE BETWEEN TWO CO-TRUSTEES RELATING TO THE OPERATION OF NON-DISCRETIONARY BROKERAGE ACCOUNTS. THE CLAIM ASSERTS A BREACH OF FIDUCIARY DUTY BY THE REGISTERED REPRESENTATIVE BASED ON MESIROW FINANCIAL FOLLOWING THE WRITTEN INSTRUCTIONS OF A CO-TRUSTEE WITH FULL INVESTMENT AND TRADING AUTHORITY, OVER A TEN-YEAR PERIOD FROM 2004 TO 2014. SPECIFICALLY, THE COMPLAINT ALLEGES THAT THE REGISTERED REPRESENTATIVE BREACHED AN ALLEGED FIDUCIARY DUTY BY FOLLOWING THE DIRECTION OF A CO-TRUSTEE TO ESTABLISH AND MAINTAIN MARGIN LOANS AND BY EXECUTING REQUESTS TO WITHDRAW FUNDS FOR INVESTMENTS AWAY FROM MESIROW FINANCIAL INC. THE REGISTERED REPRESENTATIVE BELIEVES THE CLAIMS ARE TOTALLY WITHOUT MERIT AND INTENDS TO FULLY REFUTE THEM AT THE ARBITRATION HEARING.

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