David N. Cohen: Misappropriation Complaint Against Cetera Advisor

Yonkers, New York financial advisor David N. Cohen (CRD# 5083883) recently received an investor complaint alleging that he misappropriated client funds. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cetera Investment Services and Cetera Investment Advisers, respectively.

Mr. Cohen’s BrokerCheck report discloses one investor complaint. Filed in November 2025, it alleges that as a representative of Cetera Investment Services, he misappropriated funds in connection with stock investments. The pending complaint alleges unspecified damages estimated at $5,000 or more.

Investors should be aware that the misappropriation of client funds may be considered a violation of FINRA Rule 2150, under which no FINRA-associated person “shall make improper use of a customer’s securities or funds.” It may also be considered a violation of FINRA Rule 2010, which stipulates that brokers like Mr. Cohen must “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. Similarly, unauthorized transactions may be found to violate FINRA Rule 3260, which describes specific conditions under which brokers like Mr. Cohen are permitted to make transactions without first consulting the investor. Brokers who violate these rules may be held liable for damages.

According to the Financial Industry Regulatory Authority, David N. Cohen holds 19 years of securities industry experience. Based in Yonkers, New York, he has been registered as a broker with Cetera Investment Services since 2019 and an investment advisor with Cetera Investment Advisers since 2021. He was previously registered with Forester Financial Solutions in New York, New York from 2006 until 2019. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in California, Connecticut, Florida, Georgia, Illinois, New Jersey, New York, Ohio, Pennsylvania, and South Carolina. (Information current as of December 6, 2025.)

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