Haselkorn & Thibaut, P.A., operating as InvestmentFraudLawyers.com, has officially opened an investigation into David Nathan Cohen (CRD #5083883), a former Cetera Investment Services LLC broker in Yonkers, New York. As part of our commitment to investors, our attorneys are delving deeply into regulatory actions, customer complaints, and other public records relating to Cohen’s professional history and alleged misconduct. If you lost funds while working with Cohen or Cetera Investment Services, our experience as former Wall Street defense attorneys uniquely positions us to fight for your recovery.
Who Is David Nathan Cohen?
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David Nathan Cohen entered the securities industry in 2006 and maintained active registrations until his termination from Cetera Investment Services LLC in December 2025. Before joining Cetera in Yonkers, New York, he was affiliated with Foresters Financial Services. Cohen’s regulatory record includes significant termination disclosures and a disciplinary sequence that culminated in a permanent FINRA bar effective March 3, 2026.
Why Has Haselkorn & Thibaut Opened an Investigation?
Our firm is investigating Cohen’s conduct based on a series of red flags and a troubling pattern of alleged misappropriation of client funds. As securities litigation attorneys with 98% success in investor claims and over 95 years of combined experience, we are well-versed in detecting fraud by examining public complaint records, regulatory actions, and client account documentation. The scope of complaints against Cohen raises questions about broader supervisory failures and systemic risks at Cetera Investment Services.
Red Flags and Regulatory Disclosures
- Termination for Trading While Suspended: Cetera Investment Services discharged Cohen on December 9, 2025, for allegedly conducting business while under suspension and failing to cooperate with the firm’s internal review regarding allegations that client funds were paid directly to him and used for outside business interests.
- FINRA Bar and Investigation: According to FINRA BrokerCheck, Cohen refused to provide on-the-record testimony in a FINRA investigation involving allegations of fund conversion or misappropriation. This refusal resulted in a permanent bar from the securities industry, effective March 3, 2026, under FINRA Rules 8210 and 2010.
- Outstanding Federal Tax Liens: Cohen’s record includes three IRS liens totaling approximately $367,000, which may indicate financial distress, a common red flag in investment fraud matters.
Complete List of Customer Complaints and Disputes
The following table summarizes known customer complaints, arbitrations, and regulatory actions disclosed on Cohen’s record as of today:
| Date Filed | Type | Allegations | Claimed Damages | Status/Outcome |
|---|---|---|---|---|
| 05/2019 | Customer Complaint (Cetera Investment Services) | Misappropriation of funds | $25,000 | Settled for $25,000 |
| 09/2021 | Customer Complaint (Cetera Investment Services) | Alleged annuity proceeds were paid directly to Cohen instead of being invested as intended | $250,550.19 | Settled for $250,050.19 |
| 12/2023 | FINRA Arbitration (Cetera Investment Services) | Misappropriation of funds relating to listed equities | $500,000 | Settled for $499,500 |
| 01/2026 | FINRA Arbitration (Cetera Investment Services) | Alleged direct wire transfers to Cohen as part of a fraud | $500,000 | Pending |
| 12/2025 | Regulatory (FINRA Bar) | Refusal to testify in relation to alleged misappropriation or conversion of customer funds | N/A | Permanently barred effective 03/03/2026 |
| 06/2017; 12/2019; 10/2023 | IRS Federal Tax Liens | Outstanding tax liabilities | $73,650; $61,245.67; $232,470.15 (total approximately $367,365.82) | Outstanding |
What Does This Mean for Investors?
The sequence of actions involving David Nathan Cohen at Cetera Investment Services LLC in Yonkers, New York should concern any investor who entrusted him with funds. Multiple sizeable settlements involving alleged misappropriation and fraud, a permanent FINRA bar, and persistent regulatory red flags all warrant a thorough review of potentially affected accounts. Settlements do not constitute findings of wrongdoing, but taken together, they may reflect a pattern of conduct that investors should not ignore.
- If you worked with Cohen or believe your funds were misappropriated, it is important to have your case reviewed by experienced attorneys.
- FINRA arbitration often provides one of the fastest paths to potential recovery when investment fraud is suspected.
- Do not delay, as many investor claims are subject to strict filing deadlines.
Frequently Asked Questions
- Was David Nathan Cohen barred for misappropriating customer funds?
No. He was barred for refusing to testify during FINRA’s investigation into alleged misappropriation of funds. The underlying allegations were not resolved by FINRA on the merits. - Can David Nathan Cohen work as a broker again?
No. The FINRA bar is permanent and prohibits him from associating with any FINRA member firm in any capacity. - What should I do if I was an investor with Cohen or Cetera Investment Services?
Carefully review your account statements for unauthorized withdrawals, transfers, or irregular transactions. If you suspect losses or improper activity, seek a consultation with experienced securities attorneys to determine whether you may have a claim. - Are the settlements proof of liability?
No. Settlements resolve disputes without an admission or finding of wrongdoing, and the allegations were not proven in court.
Why Choose Our Firm to Fight for Your Recovery?
Our attorneys bring insider knowledge as former Wall Street defense attorneys. With a 98% success rate in recovering investor losses, more than $520 million handled in securities matters, and a reputation in the top 2% through Martindale-Hubbell AV Preeminent recognition, we are seasoned advocates for investors harmed by financial professionals. We work on a no recovery, no fee basis and have been recognized as Super Lawyers with 5.0-star client reviews.
If you invested with David Nathan Cohen or Cetera Investment Services LLC in Yonkers, New York, do not face the aftermath alone. Contact us today for a free and confidential consultation at 1-888-885-7162. Our firm is ready to evaluate your losses, explain your options, and aggressively pursue your recovery.
