Fired California Financial Advisor Allegedly Bilked Pro Athletes of Millions
Darryl Matthew Cohen, a former top-producing Morgan Stanley Smith Barney registered representative of Southern California, faces a FINRA bar beginning February 16, 2022. This bar will come into effect unless he cooperates in the self-regulatory organization’s (SRO’s) probe into allegations that he improperly used customers’ money. A number of the clients who have stepped forward to complain are current and ex-professional athletes.
Morgan Stanley fired Darryl Cohen in March 2021 over allegedly engaging in undisclosed outside business activities and using an unapproved platform to communicate with clients inappropriately. He has nine customer disputes listed on BrokerCheck, with four of them still pending in which the damages sought total millions of dollars.