FINRA investigation - Israels & Neuman, PLC

David Cohen with Cetera Investment Services Barred by FINRA

Israels & Neuman, PLC — Mon, 09 Mar 2026 18:02:52 GMT

Did you lose money with financial advisor David Cohen of Cetera in Yonkers, New York? Contact Israels & Neuman for more information on recovering investment losses.

Allegations Regarding David Cohen

In December 2025, David Cohen was fired by Cetera Investment Services in Yonkers, New York. Cohen allegedly 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.”

FINRA then opened its own investigation into Cohen. He failed to cooperate with FINRA’s investigation, and as such, he was barred under FINRA Rule 8210. Cohen has now faced two customer complaints alleging misappropriation of funds or fraud.

Background on David Cohen

David Cohen was licensed with Cetera Investment Services from June 2019 to December 2025. He worked in a Yonkers, New York office. He also had several tax liens filed against him, including a $232,000 tax lien made in 2023.

Could Cetera Investment Services be Liable for Customer Losses?

FINRA standards provide that brokerage firms like Cetera Investment Services must reasonably supervise the activities of their financial advisors. Firms that fail to do so could be responsible for investor losses.

Israels & Neuman Helps Investors Recover Money in New York

We represent investors throughout the United States as well as New York, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of David Cohen and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798

STEVEN HILL of Wells Fargo Subject of COMPLAINTS

Israels & Neuman, PLC — Mon, 31 Jul 2023 20:54:41 GMT

Losses in Structured CDs with Steven Hill of Wells Fargo

ATWATER, CALIFORNIA Did you lose money with stockbroker Steven Hill in Atwater, California? Israels & Neuman is looking into claims made against Steven Hill, with Wells Fargo. FINRA’s BrokerCheck shows that Hill has been the subject of nine customer complaints, two of which have been made in 2023.

The two complaints made in 2023 raise allegations about sales of structured CDs and UITs (or Unit Investment Trusts), respectively. The customer who made allegations about structured CDs alleges about $150,000 in losses from these CDs.

Mr. Hill has been with Wells Fargo in an Atwater, California office since 2011. Additionally, he was discharged by another firm in 2008, and he was also the subject of two tax liens.

Financial advisors must make suitable investment recommendations for the customer considering their age, risk tolerance, investment objectives, and other factors. Failures to abide by FINRA’s suitability rules can subject the broker and his/her firm to liability for losses.

Our law firm has previously sued Wells Fargo, and we have previously represented investors in California.

View Hill, S. BrokerCheck 7.30.23

If you lost money with Steven Hill or Wells Fargo, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

Complaints Against LORRAINE GALLETTE of Coastal Equities

Israels & Neuman, PLC — Tue, 18 Apr 2023 18:45:35 GMT

Former Coastal Equities Advisor Lorraine Gallette Subject of Several Complaints

EL DORADO SPRINGS, MISSOURI

Did you invest in alternative investments with financial advisor Lorraine Gallette in El Dorado Springs, Missouri? The securities and investment fraud law firm of Israels & Neuman is looking into Lorraine Gallette, an advisor formerly with Coastal Equities and Moloney Securities.

Gallette and Coastal Equities have been the subject of five customer complaints since August 2020. Each of the complaints makes allegations that she sold unsuitable investments in private placements, limited partnerships, and real estate investments. Two of the five cases have already settled.

Lorraine Gallette was licensed with Coastal Equities from July 2013 to January 2021 and with Moloney Securities from January 2021 to April 2022. She worked in El Dorado Springs, Missouri.

When financial advisors recommend investments to their customers, they must make sure the investment is suitable for the customer. A failure to do so would violate FINRA Rule 2111 and could lead to liability for the advisor and/or brokerage firm.

View Gallette, l BrokerCheck 4.18.23

If you lost money with Lorraine Gallette or Coastal Equities, please Contact Us at (206) 795-5798 for a free evaluation of your case.

STEVE MOISE of Joseph Stone Capital is SUSPENDED INDEFINITELY

Israels & Neuman, PLC — Sat, 11 Mar 2023 19:23:55 GMT

Steve Moise with Joseph Stone Capital, Indefinitely Suspended

MINEOLA, NEW YORK

Are you a current or former client of financial advisor Steve Moise, who worked with Joseph Stone Capital in Mineola, New York?

Steve Moise has been indefinitely suspended by FINRA starting in February 2023 because he failed to respond to FINRA requests for information.

Steve Moise had been with Joseph Stone Capital beginning in July 2016, and he left the firm in October 2022. Moise worked in Mineola, New York. Moise has also had two customer complaints, in 2007 and 2012. Both complaints were denied by his former firms.

Moise must respond to FINRA investigations under FINRA Rule 8210. Failures to abide by these rules can result in suspensions or expulsions from the securities brokerage industry. Moreover, firms like Joseph Stone Capital have an obligation to reasonably supervise advisors like Moise.

Our law represents investors in FINRA arbitration proceedings all over the country. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.

View Moise, s BrokerCheck 3.12.23

If you lost money with Steve Moise or Joseph Stone Capital, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

Warning! DOUGLAS ROSENBERG of Joseph Stone is SUSPENDED

Israels & Neuman, PLC — Wed, 01 Dec 2021 21:49:50 GMT

HAUPPAUGE, NEW YORK Have you lost money with financial advisor Douglas Rosenberg, with Joseph Stone Capital in Hauppauge, New York? We are looking into allegations made against Douglas J. Rosenberg. Rosenberg was the subject of an investigation by FINRA. FINRA investigated whether Rosenberg had been excessively trading or churning customer accounts. To settle these allegations, Rosenberg was suspended for seven months and ordered to pay partial restitution of $25,000.

Douglas Rosenberg has been with Joseph Stone Capital from November 2013 to the present. He has worked at branch offices in Hauppauge, New York. Rosenberg has also been the subject of four customer complaints.

Brokerage firms like Joseph Stone Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Joseph Stone Capital.

Click Here to view Rosenberg, D BrokerCheck Report

If you lost money with Douglas Rosenberg or Joseph Stone Capital, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.