Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 270

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 270
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 our information and communications systems could significantly disrupt our business. 

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      We may not be able to keep pace with continuing changes in technology. 

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     The development and use of artificial intelligence presents risks and challenges that could adversely impact our business, financial condition, and results of operations. 

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      Failure to protect client data or prevent breaches of our information systems could expose us to liability/reputational damage. 

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      We are largely dependent on Pershing LLC to provide clearing services and margin financing. 

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      Our substantial level of indebtedness could adversely affect our financial health and ability to compete. 

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      Changes in accounting interpretations or assumptions could adversely impact our financial statements. 

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      Any change of our investment strategy, hedging strategy, asset allocation and operational policies may result in riskier investments and adversely affect the market value of our Common Stock. 

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      Maintenance of our Investment Company Act exemption imposes limits on our operations. 

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      The soundness of other financial institutions and intermediaries affects us. 

      15

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     We operate in a highly regulated industry and may face increasing restrictions on, and examination of, the conduct of our operations.

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     Substantial legal liability or significant regulatory action could materially affect our business. 

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     Highly competitive markets could have a material effect on our business.

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     Employee misconduct or error could harm our business.

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      We receive financial instruments instead of cash as consideration for some of our services, which may be illiquid, and the price we ultimately realize may be materially lower than current fair value.   

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      SFA transactions may obligate us to make payments on certain payments upon or subsequent to maturity which may adversely impact our liquidity.   

Risks Related to Our Organizational Structure and Ownership of Our Common Stock:

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     We could repurchase shares of our Common Stock at price levels considered excessive, the amount of our Common Stock we repurchase may decrease from historical levels, or we may not repurchase any additional shares of our Common Stock in the future. 

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      We are dependent on distributions from the Operating LLC as a holding company. 

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      Daniel G. Cohen’s significant ownership interests in the Operating LLC and other entities could create conflicts of interest. 

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      As a “controlled company,” our other stockholders may lose certain corporate governance