Last Updated: November 2023 (Boca Raton, FL)
Ivan Gefen Investigation Summary
Here’s what you need to know about Boca Raton, FL, stockbroker Ivan Gefen:
- Name: Mr. Ivan Richard Gefen
- Current Employer: Newbridge Securities Corporation, Newbridge Financial Services (RIA)
- DBA: Gefen Asset Management
- Previous Firms: Morgan Stanley
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Ivan Gefen
- Primary Location: Boca Raton, FL
- CRD 1229418
- Can Ivan Gefen be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Has filed for Bankruptcy: Yes
- Highest Settlement or Award: $400,100
- Pending Customer Dispute Seeks Damages of $1,200,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Ivan Gefen As Your Stockbroker?
Ivan Gefen discloses 10 prior customer disputes, including:
- An NASD (predecessor to FINRA) panel awarded a customer $158,000 in a case alleging unsuitable bonds and limited partnerships
- Settlement of $295,000 paid to a customer alleging unsuitability of closed end funds
- Settlement of $400,100 paid to a customer alleging unauthorized trading
- Settlement of $28,750 paid to a customer alleging failure to execute a transaction
In 5/20023 a customer of Newbridge Securities filed a FINRA arbitration alleging breach of contract, fraud, violation of the Best Interest Rule and is seeking $1.2 million in this currently pending matter.
Allegations of Broker Misconduct Against Ivan Gefen
Customers of Ivan Gefen have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Unauthorized Trading
- Failure to Execute a Transaction
- Churning
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Ivan Gefen, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
