Yonkers, NY — December 11, 2025 — David Nathan Cohen (CRD# 5083883), formerly a financial advisor registered with Cetera Investment Services LLC, is facing a pending customer complaint alleging misappropriation of funds. According to FINRA BrokerCheck records, Cohen’s registration ended in December 2025, and he has one customer dispute and three outstanding IRS tax liens on his record. This article reviews the publicly available disclosure information and outlines options for investors who may have suffered losses.
BrokerCheck Snapshot
Name: David Nathan Cohen
CRD #: 5083883
Firm: Cetera Investment Services LLC (No Longer Registered)
Location: Yonkers, NY
Years in Industry: 19
Number of Disclosures: 4
Customer Complaint Against David Cohen
Pending Customer Dispute (2025)
According to FINRA records, a customer filed a written complaint against Cohen in November 2025. The complaint alleges misappropriation of funds involving equity securities. The customer alleges damages of $5,000 or more. The case remains pending as of the date of this report. Cohen was registered with Cetera Investment Services LLC when the activities allegedly occurred.
Outstanding Tax Liens
Cohen’s BrokerCheck record shows three outstanding IRS tax liens:
Tax Lien #1 (2023)
In October 2023, the IRS filed a federal tax lien against Cohen in the amount of $232,470.15. The lien was filed in Westchester County Court and remains outstanding.
Tax Lien #2 (2019)
In December 2019, the IRS filed a state tax lien against Cohen in the amount of $61,245.67. The lien was filed in Westchester County Court and remains outstanding.
Tax Lien #3 (2017)
In June 2017, the Internal Revenue Service filed a tax lien against Cohen in the amount of $73,650.00. The lien was filed with the Westchester County Clerk and remains outstanding.
The total amount of outstanding tax liens against Cohen is $367,365.82.
Pattern of Complaints and Risk Factors
While each case is unique, complaints alleging misappropriation of funds are among the most serious violations in the securities industry. Outstanding tax liens may raise questions about financial stability and judgment. Investors should carefully review account statements and seek legal guidance if similar issues occurred in their accounts.
Can Investors Recover Losses?
Investors who experienced fiduciary duty violations may be entitled to compensation through FINRA arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident.
Related Brokers and Firms
If you have concerns about your investments with Cetera Investment Services LLC or experienced similar issues with other advisors, you may want to review additional resources on investment fraud and broker misconduct. Our firm has handled numerous cases involving misappropriation, unauthorized trading, and other forms of securities violations by financial advisors nationwide.
Frequently Asked Questions
What is the complaint against David Cohen?
The pending complaint alleges that Cohen misappropriated funds from a client’s account. The customer is seeking $5,000 or more in damages. Cohen was registered with Cetera Investment Services LLC when the activities allegedly occurred. His securities registration ended in December 2025.
Can investors recover losses involving Cetera Investment Services LLC?
Yes, investors who suffered losses due to broker misconduct, misappropriation, or other securities violations may file a claim through FINRA arbitration. Most brokerage agreements contain mandatory arbitration clauses, which require disputes to be resolved through this process rather than in court.
What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum where investors can seek compensation for investment losses caused by broker misconduct or securities violations. The process is overseen by the Financial Industry Regulatory Authority and is binding on both parties. It typically costs less and resolves faster than traditional litigation.
What does “unsuitable investment” mean?
An unsuitable investment is one that does not align with an investor’s risk tolerance, financial objectives, investment timeline, or overall financial situation. Brokers are required to conduct due diligence and recommend only those investments that are appropriate for each client based on their individual circumstances.
How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org and search by the broker’s name or CRD number. The report will show the broker’s employment history, qualifications, and any customer complaints, regulatory actions, or other disclosures on file.
What should I do if I suspect broker misconduct?
First, document all account statements, trade confirmations, and communications with your broker. Second, file a complaint with FINRA and your state securities regulator. Third, contact an experienced securities attorney to discuss your options for recovery through arbitration. Time limits apply, so prompt action is important.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you lost money in your investment account with David Cohen or Cetera Investment Services LLC, contact Patil Law, P.C. for a free, no-obligation consultation. Our experienced securities attorneys can review your case and explain your legal options for recovering losses.
Call us today at 800-950-6553 or email info@patillaw.com.
Disclaimer
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
