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Simon S. Kogan's Answers

Simon S. Kogan
Staten Island Arbitration Lawyer.
Contributor Level 6

3

Attorney answers:

  1. Simon S. Kogan
  2. Michael Emory Clark
  3. Michael Prozan

Mark Cuban insider trading- can his own words be used against him?

Asked by a user in New York, NY - over 3 years ago.

Since Mr. Cuban's chrges are civil not criminal, they can be used against him.

1 lawyer agreed with this answer

1 person marked this answer as helpful

6

Attorney answers:

  1. Robert V Cornish Jr.
  2. Joseph A Lo Piccolo
  3. Benjamin J Lieberman
  4. Richard C. Southard
  5. Simon S. Kogan
  6. ···

Can I obtain a series 7 or Insurance Sales license with pending felony/misdemeanor charges?

Asked by a user in Long Island City, NY - 2 months ago.

A misdemeanor charge should not prevent you from getting licensed. A felony charge is another story but not necessarily an absolute bar. A felony conviction could make it harder and more expensive to get licensed. The ACD implies that you were charged with a misdemeanor. Good luck.

1 lawyer agreed with this answer

3

Attorney answers:

  1. Simon S. Kogan
  2. Patrick Walter Begos
  3. Robert S. Banks

Regarding mismanagement of securities

Asked by a user in New York, NY - about 3 years ago.

An arbitration should seek ro recover both realized and unrealized losses. New York's statute of limitations on fraud claims is six years. You should ask your broker for copies of your new account forms.

1 person marked this answer as helpful

3

Attorney answers:

  1. Robert V Cornish Jr.
  2. Simon S. Kogan
  3. Andrew S. May

If i get terminated for cause as a Life insu agent, but am also licencend series 7, will i also lose my ability to sell stocks

Asked by a user in Buffalo, NY - 6 months ago.

Finra may well pick it up but the question as to whether you will be barred is another question. It will depend on what the cause is.

3

Attorney answers:

  1. Patrick Walter Begos
  2. Theodore W. Robinson
  3. Simon S. Kogan

I invested in a company that I believed was legit but was not and he contracts say he was -What can I do?

Asked by a user in Hempstead, NY - about 3 years ago.

Alot will depend on what documents you signed. At rthe very least, the documents should have disclosed that the funds you weere investing would be used to make bridgeloans. The failure to make those disclosures would giv rise to a claim under the Secrurities act of 1933 and the Securities exhange Act of 1934. If the investment company was a registered investment advisor, you may have claims under the investment advisors act of 1940. If your funds infact ended up withMr. Madoff, your...

4

Attorney answers:

  1. Edward Robert Wiest
  2. Simon S. Kogan
  3. Lawrence Robert Gelber
  4. Joel Richard Beck

Stock loss

Asked by a user in Huntington Station, NY - over 3 years ago.

Pssibly.The question is did your broker know or should he have known of the risks facing Lehman Brothers. Second question is where did you have your account? Clearly the failure to disclose known risks is actionable under Section 10b of the Securities Exchange Act of1934 and rule 10b-5 promulgated thereunder. as well as common law fraud theories.Without a doubt, if your loss was substantial, you should contact a laywer experienced in securities arbitations.