Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1188

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1188
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 is intensely competitive, which could have a material adverse impact on our business. 

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      Poor performance of our investment funds’ and separately managed accounts’ investments could result in a decline in our asset management revenue and earnings and investors terminating our management agreements. 

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      Any agreement to indemnify a SPAC against certain claims could negatively affect our financial results. 

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      We may make future loans to SPACs which may not be repaid. 

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     Our management may allocate some portion of their time to the business of the SPAC, which may create conflicts of interest.  

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      If our risk management systems for our businesses are ineffective, we may be exposed to material unanticipated losses. 

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      Failures in 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. 

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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.