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Zamansky LLC Investigates Potential Investment Fraud Claims Against Former Morgan Stanley Financial Advisor Darryl Cohen

April 12, 2023 Active Cases & Investigations

Our firm is investigating potential investment fraud claims by customers of former Morgan Stanley financial advisor Darryl Cohen of Westlake Village, California.   

In March 2023, Mr. Cohen was arrested and charged with three counts of fraud for allegedly defrauding multiple current and former NBA players, including Jrue Holiday, Chandler Parsons and Courtney Lee.  From 2015 to 2020, he is alleged to have stolen more than $13 million from clients and to have received kickbacks from selling his clients’ life settlements.  He was also terminated by Morgan Stanley and permanently barred from the securities industry by the Financial Industry Regulatory Authority.

Anyone who was a customer of Mr. Cohen at Morgan Stanley may wish to have their investment accounts reviewed for potential investment fraud.  From the allegations, Mr. Cohen appears to have been transferring money directly to himself or to others for his benefit and also purportedly selling outside investments to customers.  His employer Morgan Stanley had a duty to supervise his activity for potential investment fraud, including that done outside the firm.  

What Should an Investor Do Next? Contact an Investment Fraud Lawyer Today

If you were a customer of Darryl Cohen at Morgan Stanley and wish to have your account reviewed for potential investment fraud, please call investment fraud lawyer Jake Zamansky at (212) 742-1414 or email for a free evaluation of your potential legal rights.

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“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

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