Matthew Cochran - Financial Advisor Matthew Cochran Barred from Securities Industry
Goodman & Nekvasil P.A., May Recover Investor Losses | Matthew Cochran - Financial Advisor Matthew Cochran Barred from Securities Industry
Matthew Cochran #5853600
Matthew Cochran was licensed with Northwestern Mutual Investment Services, LLC from 2011 to 2017. FINRA reports that Matthew Cochran was barred from the securities industry in March 2018. FINRA reports that Matthew Cochran consented to the sanction and to the entry of findings that he and a third party, who was not registered with FINRA, exercised discretionary authority to execute securities transactions in accounts held away from his member firm.
ACCORDING TO FINRA: The findings stated that Cochran did not disclose his discretionary power over the outside accounts to the firm or notify the executing firm of his association with his firm. Cochran recommended that firm customers and other individuals, who were not family members, open the accounts at another broker-dealer. However, at Cochran's recommendation, the investors verbally gave him and/or the third party discretionary authority over the outside accounts. Neither Cochran nor the non-registered person obtained written discretionary authority. Cochran knew that the non-registered person had never held any securities licenses. In addition, on a questionnaire that Cochran submitted to the firm, he falsely answered "no" to a question asking whether he held trading authority for any account "held at the firm or elsewhere." Cochran and the non-registered person executed transactions with an aggregate trade value (buy and sell) of more than $9.6 million for the investors in the outside accounts. Cochran received $34,000 in funds from the investors related to this activity. The findings also stated that during telephone calls, for ten different Investors who verbally authorized Cochran to make the calls, he misrepresented to the executing firm that he himself was one of the investors. During two of these telephone calls, Cochran instructed the executing firm to liquidate investors' securities positions.
If you lost money on investments with Matthew Cochran and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Matthew Cochran’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Matthew Cochran and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Matthew Cochran, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, Matthew CochranBack to Blogs