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It is About
Being a
Fiduciary

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Get Your
Head in the
Game

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Invest
in
Yourself

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DAVID B. COSGROVE

Mr. Cosgrove has a diverse litigation and trial practice.  He represents broker-dealer agents and investment adviser representatives around the nation. He is an intense advocate that demands excellence from himself and all of the Members of his firm. Mr. Cosgrove has achieved substantial and often unexpected positive results in a variety of complex matters.

Some of these results include:

  • Lead counsel representing a broker against his former employer in a FINRA arbitration which resulted in a $3.25 million award for the broker and a full dismissal of the broker-dealer’s $10 million counterclaim.
  • Quickly negotiating a $2.4 million dollar settlement with a national insurance company for an employer baited into an IRS-listed §419 employee benefit plan.
  • Litigating the dismissal of a $900,000 lawsuit against a former Edward Jones broker and the payment of $250,000 to the Cosgrove Law Group, LLC client.
  • Obtaining the complete dismissal of a corporate officer and brokers in a multi-million dollar regulatory enforcement matter regarding the marketing of auction rate securities.
  • Defending the President and CEO of a national mortgage broker company facing a federal grand jury investigation.
  • Negotiating settlements on various state regulatory enforcement actions on behalf of his investment adviser representative, broker-dealer, and insurance agent clients.
  • Prevailing over FINRA’s opposition on a broker’s MC-400 application process before the National Adjudicatory Council.

Prior to his return to private practice in 2006, Mr. Cosgrove served as Missouri’s Commissioner of Securities where he supervised attorneys, investigators and auditors investigating and prosecuting violations of the State’s securities laws. He was responsible for identifying practices or industry sectors appropriate for enforcement measures and also supervised the Securities Division’s registration and audit sections. Additionally, he interfaced with the SEC, NASD (now FINRA), NASAA (North American Securities Administrators Association) and various other state and federal enforcement agencies.

Previously, Mr. Cosgrove served as Chief Counsel for the Missouri Attorney General’s Office’s Consumer Protection Division where he supervised attorneys and investigators prosecuting civil and criminal litigation related to unlawful merchandising, fraud and anti-trust, including national multi-state litigation.

Between 1999 and 2002, Mr. Cosgrove held the position of Chief Consumer Protection Prosecutor in the Criminal Division of the Massachusetts Attorney General’s Office in Boston, Massachusetts. He was responsible for criminal commercial fraud cases, including securities, mortgage, telemarketing, internet, unlicensed practitioners, and contract fraud. Mr. Cosgrove also worked as an Assistant District Attorney and a Special Assistant United States Attorney for the U.S. District of Massachusetts responsible for grand jury investigations and the litigation of a wide range of white-collar cases, including embezzlement, commercial fraud, complex larceny schemes and public corruption matters.

Between 1993 and 1999, Mr. Cosgrove gained extensive litigation experience as an Assistant Attorney General for the Missouri Attorney General’s Office where he litigated both criminal and civil cases. This experience included dozens of jury trials and hundreds of depositions and evidentiary hearings. He gained his initial experience at the Attorney General’s Office drafting appellate briefs and arguing cases before the Court of Appeals and the Supreme Court of Missouri. Mr. Cosgrove began his career in 1990 in private practice in the Commercial Litigation Department of Stinson, Morrison and Hecker in Kansas City, Missouri.

Mr. Cosgrove has served as an expert witness in various securities litigation matters. He serves on the City of Webster Groves Board of Adjustment. Mr. Cosgrove was appointed by Governor Jay Nixon to serve as a Commissioner for the Missouri Housing Development Commission from 2011 – 2014.  While a Commissioner, Mr. Cosgrove served as the Commission’s Secretary and Treasurer.

Mr. Cosgrove received a Bachelor of Arts degree in Economics, cum laude, and his law degree from the University of Notre Dame. Mr. Cosgrove received the distinguished Lon O. Hocker Award for trial advocacy from the Missouri Bar Foundation. His memberships include the Missouri Bar, the Massachusetts Bar, United States Supreme Court, United States District Court, Western and Eastern Districts of Missouri, the United States District Court, District of Massachusetts, and the 8th Circuit Court of Appeals.