David Nathan Cohen Barred After Misappropriation Of Client Funds

David Nathan Cohen (CRD# 5083883) is a former registered broker and investment advisor who was last employed with Cetera Investment Services LLC (CRD# 15340) of Yonkers, NY, and previously employed with Foresters Financial Services, Inc. (CRD# 305) in New York, NY. He has been in the industry since 2006.

Cetera Investment Services discharged Cohen on 12/9/2025 after he continued to conduct business while he was suspended. The suspension was from allegations that he was directly collecting funds and using them to fund outside business activities. Cohen also refused to cooperate with the firm’s internal review process.

FINRA began its investigation following a complaint made directly to FINRA by a customer. After sending a request to Cohen for on-the-record testimony on 2/3/2026, Cohen responded via email that he would not appear at any time for on-the-record testimony, violating FINRA Rules 8210 and 2010. This led to the issuance of an Acceptance, Waiver & Consent (AWC) letter and a bar from association with any FINRA member in any capacity. Cohen signed the letter on February 19, 2026, and the bar was effective on March 3, 2026.

Preceding Cohen’s termination and FINRA investigation are customer disputes that began the process. The most recent customer complaint was filed on 1/30/2026, and alleged that Cohen “received wire transfers directly from client as part of an alleged fraud. Alleged compensatory damages in [REDACTED] Amended SOC is $500,000.”

Previously, on 1/12/2026, another customer filed a dispute alleging that “the proceeds of a liquidated annuity were used for what he believed were purchases of investments and paid directly to his registered representative.”  The client requested $250,550.19 in damages, and the claim was settled for that amount.

Another customer filed a similar dispute alleging misappropriation of funds and requested $500,000 in damages on 1/8/2025. This claim is also pending.

Cohen also has three tax liens in his record totaling $ 367,365.82 from 2023, 2019, and 2017.

Did You Invest With David Nathan Cohen? 

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