The allegations read: Cohen was named a respondent in a finra complaint alleging that he converted at least $14,606.94 from his member firm by preparing several false expense reports and submitting them to the firm seeking reimbursement pursuant to the firm's marketing reimbursement program. The complaint alleges that the expense reports were false because the corresponding preapproved client marketing events did not occur and, therefore, cohen did not incur any costs for the events. Nonetheless, cohen created false transaction records to evidence the preapproved expenses, submitted at least five of these false records to the firm, and requested reimbursement of approximately 50% of these phantom expenses. The complaint also alleges that cohen's preparation and submission of false transaction records, in support of false expense reports, cause the firm to maintain inaccurate books and records.
