National investment loss lawyers KlaymanToskes is investigating broker David Cohen (CRD# 5083883) formerly of Cetera Investment Services.
According to FINRA BrokerCheck, broker David Cohen is involved in a customer complaint alleging misappropriation of funds. Cohen was terminated by Cetera Investment Services in December 2025 following allegations that he was transacting business while under suspension by the Firm and for failing to cooperate with the Firm’s internal review of allegations that client funds were paid directly to the representative, and the representative used the funds to support his business.
Investors that suffered losses with broker David Cohen are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor David Cohen, formerly of Cetera Investment Services, is currently facing a pending customer complaint alleging misappropriation of funds. On December 9, 2025, Cohen was terminated from Cetera Investment Services due to allegations that “The representative was discharged for transacting business while under suspension by the Firm and for failing to cooperate with the Firm’s internal review of allegations that client funds were paid directly to the representative, and the representative used the funds to support his business.” Cohen was registered as a broker with Cetera Investment Services from June 2019 to December 2025 in Yonkers, NY.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker David Cohen, or have concerns regarding your investment portfolio at Cetera Investment Services,or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.