![\"\"](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/dreamstime_s_118454636-400x267.jpg\")
<\/p>\nA Yonkers investment broker who was accused of misappropriating client funds has been banned from associating with anyone in the securities industry.<\/p>\n
David Nathan Cohen refused to cooperate with an investigation by the Financial Industry Regulatory Authority, according to a disciplinary action issued on March 3, but consented to FINRA\u2019s findings.<\/p>\n
<\/p>\n
FINRA says Cohen was fired last year for failure to cooperate with his employer\u2019s review of allegations that he used client funds \u201cto support his business.\u201d<\/p>\n
The disciplinary action does not identify Cohen\u2019s personal business, but his registration record lists him as 95% owner of Ballparking Ventures LLC, a mobile app for locating and renting parking spaces.<\/p>\n
Cohen registered as a financial adviser in 2006 and worked for a firm in Manhattan. In 2019, he went to work for Cetera Investment Services, of St. Cloud, Minnesota, in Yonkers.<\/p>\n
Last year, Cetera received a customer complaint alleging that Cohen had misappropriated $500,000. He failed to cooperate with an internal review and was fired on Dec. 9.<\/p>\n
FINRA requires members to provide information about matters concerning investigations or complaints. But on Feb. 6, in response to FINRA\u2019s demand for on-the-record testimony, Cohen stated in an email that he would not appear at any time.<\/p>\n
FINRA says Cohen\u2019s refusal to testify violated a rule that requires \u201chigh standards of commercial honor, and just and equitable principles of trade.\u201d<\/p>\n
Cohen\u2019s registration record also identifies three federal tax liens for unpaid personal income taxes, filed from 2017 to 2023, totaling $367,366. (The Westchester County Clerk\u2019s online records, however, also show a lien filed in 2013, bringing the total to $440,103.)<\/p>\n
New York State tax warrants in 2019 and 2026 lists a David Cohen from the same Yonkers zip code as owing $144,538 in personal income taxes.<\/p>\n
FINRA is a nonprofit organization empowered by federal law to supervise investment brokers. A ban from associating with any member, in effect, prevents an individual from acting in any capacity in the industry.<\/p>\n
Cohen signed the disciplinary action on Feb. 19, accepting FINRA\u2019s findings but neither admitting nor denying them.<\/p>\n","protected":false},"excerpt":{"rendered":"A Yonkers investment broker who was accused of misappropriating client funds has been banned from associating with anyone…\n","protected":false},"author":2,"featured_media":158014,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[128,9,24,63,129,131,130],"class_list":["post-158013","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-bronx","tag-new-york","tag-new-york-city","tag-nyc","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/158013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=158013"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/158013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/158014"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=158013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=158013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=158013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}