David Nathan Cohen (CRD #5083883) Was Barred by FINRA and Has Multiple Disclosures on FINRA BrokerCheck

David Nathan Cohen (CRD #5083883) was formerly registered as a broker. FINRA BrokerCheck shows he is not currently registered. We reviewed his BrokerCheck report on April 28, 2026. It reflects one regulatory event, two customer disputes, one employment separation, and three judgment/lien disclosures. If you invested with David Cohen and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

David Cohen’s FINRA BrokerCheck Report reflects one regulatory disclosure. A summary of the disclosure is below:

On March 3, 2026, FINRA initiated a regulatory action against David Cohen. David Cohen’s FINRA BrokerCheck Report states that he consented to a permanent bar through an AWC. FINRA found that he refused to appear for on-the-record testimony. The request was tied to an investigation into whether he converted or misappropriated customer funds.

FINRA BrokerCheck lists the status as final. It also lists the sanction as a permanent bar in all capacities, with an indefinite duration.

Investor Disputes / Customer Complaints

David Cohen’s FINRA BrokerCheck Report reflects two pending customer dispute disclosures. Summaries of the disputes are below:

On January 30, 2026, a customer alleged David Cohen received wire transfers directly from the client as part of an alleged fraud. David Cohen’s FINRA BrokerCheck Report lists the product as no product. The damages were listed as unspecified but believed to exceed $5,000. The complaint remains pending.

On January 8, 2025, clients alleged misappropriation of funds. David Cohen’s FINRA BrokerCheck Report lists the product as listed equity securities. The firm-reported damages were $500,000. The arbitration remains pending under FINRA docket number 25-02530.

Employment Separation

David Cohen’s FINRA BrokerCheck Report reflects one employment separation after allegations. A summary of the disclosure is below:

On December 9, 2025, Cetera Investment Services LLC discharged David Cohen. David Cohen’s FINRA BrokerCheck Report states that the firm cited business activity while under firm suspension. The firm also said he failed to cooperate with its internal review of claims that client funds were paid directly to him and used to support his business.

Judgment / Lien

David Cohen’s FINRA BrokerCheck Report reflects three judgment/lien disclosures. Two examples are summarized below. One additional tax lien disclosure remains reported.

On October 2, 2023, a tax lien was filed for $232,470.15. David Cohen’s FINRA BrokerCheck Report lists the lien holder as the IRS. It also states that the lien remains outstanding.

On December 4, 2019, a tax lien was filed for $61,245.67. David Cohen’s FINRA BrokerCheck Report lists the lien holder as the IRS. It also states that the lien remains outstanding.

Rule Summary #1: FINRA Rule 8210 (Provision of Information and Testimony)

FINRA Rule 8210 allows FINRA to request information, records, and testimony during an investigation. Associated persons must comply with those requests. A refusal can lead to serious sanctions, including a bar.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires member firms and associated persons to observe high standards of commercial honor. It also requires just and equitable principles of trade. FINRA often cites this rule when conduct undermines investor protection or market integrity.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on David Cohen’s FINRA BrokerCheck report, David Cohen:

Was not currently registered as a broker as of April 28, 2026.

Has passed the Securities Industry Essentials (SIE) exam. David Cohen has also passed Series 6, Series 26, and Series 63.

Was previously registered with firms that include Cetera Investment Services LLC and Foresters Financial Services, Inc.

Kurta Law Can Help

If you have worked with David Cohen and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can help you assess potential causes of action and determine whether your losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.