Financial Industry Regulatory Authority (FINRA) sanctioned securities broker David Spencer Cooper [CRD: 5357930, New York, New York], given the public information found on BrokerCheck. Cooper worked for Joseph Gunnar Co. LLC from June 12, 2009, to June 24, 2024, and from September 24, 2024, to February 24, 2025. See below to discover more about Cooper’s disclosures.
Particularly, on July 27, 2026, FINRA issued Case: 2025088031502 sanctioning David Cooper with a bar from associating with any FINRA member in all capacities. Notably, FINRA alleged that Cooper refused to appear for requested testimony, violating FINRA Rules 8210 and 2010.
The matter arose from FINRA’s examination of Joseph Gunnar’s practices concerning public and private offerings by small-capitalized, exchange-listed issuers with foreign business operations. FINRA requested Cooper’s testimony on June 3, 2026. According to the settlement, Cooper acknowledged receiving the request and stated that he would not appear. Cooper accepted FINRA’s findings without admitting or denying them.
Additionally, the United States Securities and Exchange Commission initiated a pending civil action against Cooper on January 15, 2025. Allegedly, Cooper provided traders with material, nonpublic information about the timing or pricing of upcoming follow-on stock offerings. The SEC alleged that the traders used this information to sell shares short before public announcements and later covered their positions at lower prices. Cooper allegedly received substantial compensation when the traders purchased shares in offerings involving his brokerage firm.
Do you have concerns or questions regarding investments you made with David Cooper? If so, reach out to Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for many investors throughout the country. Also, our securities lawyers work on a contingency fee basis and advance all costs. Cooper and brokerage firms Cooper worked for deny accusations of sales practice violations.
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Financial Industry Regulatory Authority (FINRA) sanctioned securities broker David Spencer Cooper [CRD: 5357930, New York, New York], given the public information found on BrokerCheck. Cooper worked for Joseph Gunnar Co. LLC from June 12, 2009, to June 24, 2024, and from September 24, 2024, to February 24, 2025. See below to discover more about Cooper’s […]
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