Ronald Seth Cohen – Unapproved Outside Business Activity Fort Lauderdale, Florida FINRA Arbitration Attorney:
The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute an enforcement action, firms and licensed individuals have the responsibility to reflect such action on their U-4 and/or U-5 filings, which can be viewed on the FINRA website under the broker-check section of the site or by viewing the monthly disciplinary information also provided on the FINRA site.
The monthly disciplinary information is referenced on the FINRA site generally in alphabetical order. This post relates to the following company or individuals. If the reader would like to review the entire FINRA release or the broker-check information concerning this matter, you can follow these highlighted links:
August 2015 Disciplinary and Other FINRA Actions:
Ronald Seth Cohen (CRD #2419431, Boca Raton, Florida) submitted an AWC in which he was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in any capacity for four months. Without admitting or denying the findings, Cohen consented to the sanctions and to the entry of findings that he engaged in three outside business activities without providing prior written notice to his member firm. The findings stated that Cohen actively managed three businesses and received approximately $466,200 in compensation from the businesses’ owner, a firm customer. The findings also stated that Cohen made misrepresentations to his firm regarding his participation in the outside business activities by falsely stating that he disclosed all outside business activities on two annual compliance questionnaires. These representations were false, as Cohen had not disclosed his participation in the three outside business activities.
The suspension is in effect from July 6, 2015, through November 5, 2015. (FINRA Case #2014042790701).
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