Robert A. Cohen
Represents companies, boards and individuals in government investigations. Conducts internal investigations. Held senior roles in the SEC Enforcement Division.
Rob brings 15 years of senior-level experience in the SEC’s Division of Enforcement to his work representing companies, boards and individuals in government investigations, as well as conducting internal investigations.
He represents public companies in SEC investigations concerning disclosures, accounting and internal controls. He is an authority on cryptocurrency enforcement, as well as cybersecurity incidents and related investigations, having served as the first-ever Chief of the SEC’s Crypto Assets and Cyber Unit. He also supervised trading-related investigations as Co-Chief of the SEC’s Market Abuse Unit, and currently advises investment advisers and broker-dealers on SEC regulatory requirements and in enforcement investigations.
“He expertly marries legal advice, practical judgment and setting client expectations,” says a source quoted by Chambers.
Rob is “is a terrific litigator and he really digs in to get to the meat of things,” says a source quoted by Chambers FinTech.
Experience
SEC Investigations
- Obtained termination notices without charges in ten separate SEC investigations in less than three years (2021-2024)
Rob’s SEC enforcement representations include:
- A large technology public company concerning disclosures
- A Fortune 100 public company, concerning internal controls
- A Fortune 500 public company, concerning metric disclosures
- A manufacturing public company, concerning accounting for supplier rebates
- A hedge fund adviser, concerning fixed income trading
- Multiple financial institutions, concerning off-channel communications
- A large broker dealer concerning the Customer Protection Rule
- A public company/medical device manufacturer, concerning disclosures
- An individual, concerning auditing standards
Other Government and Internal Investigations
- Multiple broker-dealers in FINRA investigations, including involving underwriting practices, best execution and trade data
- Multiple public companies in internal investigations, including regarding a subsidiary and material, nonpublic information
Cryptocurrency & Digital Assets
- Obtained termination notice for Paxos Trust Company following Wells notice in SEC investigation of BUSD, concluding investigation without any charges against Paxos
- A large digital asset financial services firm in SEC, DOJ, NYAG and CFTC investigations
- Multiple developers of decentralized finance (DeFi) platforms in SEC investigations
- A cryptocurrency asset manager, a stablecoin issuer, an executive of a blockchain developer and an NFT creator in separate SEC investigations
- Featured in Netflix documentary “Bitconned” about one of the first fraud cases of the crypto era
Data Privacy & Cybersecurity
- Multiple public companies in responding to the SEC sweep regarding the SolarWinds compromise
- A public company in an SEC investigation regarding cybersecurity disclosures
- A Fortune 100 company in an internal investigation regarding a cyber incident
Earlier, at the SEC, cases that Rob supervised included:
- Insider trading cases involving hedge funds, a member of Congress, and passing of notes at Grand Central Station
- Public company accounting and disclosure cases
- Trading investigations related to order handling, national stock exchanges and alternative trading systems
- Hacking of the SEC’s EDGAR system
- Collapse of a short-term bond fund
Insights
News
Recognition
Chambers USA – Securities: Regulation: Enforcement
Chambers FinTech – Crypto-Asset Disputes, USA, Band 1
National Law Journal – “Washington DC Trailblazer,” 2020
Education
Clerkships
Prior experience
- Division of Enforcement, Securities and Exchange Commission, 2004-2019
- Chief, Cyber Unit (now named Crypto Assets and Cyber Unit), 2017-2019
- Co-Chief, Market Abuse Unit, 2015-2017
- Co-Deputy Chief, Market Abuse Unit, 2013-2015
- Assistant Director, 2010-2013
- Associate, Hogan & Hartson, 2001-2004
- Associate, Proskauer Rose, 1998-2001
Qualifications and admissions
- District of Columbia
- State of Maryland
- State of New York
- U.S. District Court, E.D. New York
- U.S. District Court, Maryland
- U.S. District Court, S.D. New York