Ivan Gefen Faced Allegations Of Negligence

Soreide Law Group is investigating possible investor claims against Ivan Richard Gefen (CRD: 1229418, Boca Raton, Florida). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Newbridge Securities Corporation. Evidently, one or more investors alleged misconduct in these disputes, including that Gefen was negligent, breached a fiduciary duty, acted unethically, and breached a contract. Here is a brief summary of the disclosures about Gefen.

Gefen Disclosed Negligence Allegations By Newbridge Securities Corporation Client

Particularly, a client of Newbridge Securities Corporation contested Ivan Gefen’s sales practices by filing FINRA Arbitration: 23-01425 on May 17, 2023. Allegedly, Gefen was negligent, breached a fiduciary duty, acted unethically, and breached a contract. It appears that Gefen caused the client to sustain damages on stocks. Therefore, the client seeks compensatory relief from Newbridge Securities Corporation or Gefen in the amount of $1,200,000 in this ongoing matter.

Morgan Stanley Smith Barney LLC Investor Accused Ivan Gefen Of Unsuitable Advice

Notably, a Morgan Stanley Smith Barney LLC client filed FINRA Arbitration: 17-01707 about Ivan Gefen. Namely, the client alleged that Gefen made unsuitable recommendations. Because of this, the client allegedly sustained damages on closed end funds, stocks, and municipal bonds. Therefore, on May 25, 2018, Morgan Stanley Smith Barney LLC settled this matter by paying the client $295,000 in damages.

Gefen Disclosed Unauthorized Trading Allegations By VFinance Investments Inc. Client

Specifically, a client of VFinance Investments Inc. contested Ivan Gefen’s sales practices, according to a complaint. Allegedly, Gefen engaged in unauthorized trading. Supposedly, Gefen caused the client to sustain damages on municipal bonds. Therefore, VFinance Investments Inc. opted to settle the matter on July 1, 2015, by compensating the client in the amount of $10,000.

VFinance Investments Inc. Investor Accused Ivan Gefen Of Churning

Also, on February 14, 2008, a VFinance Investments Inc. client filed a complaint about Ivan Gefen. Namely, the client alleged that Gefen engaged in unauthorized trading and churned accounts. Because of this, the client allegedly sustained damages on stocks. Therefore, the client requested $7,073.86 in compensation from VFinance Investments Inc. or Gefen. However, the securities firm denied this complaint.

Employment Information

Gefen joined Newbridge Securities Corporation as a securities broker in April 2016 and became a financial advisor of Newbridge Financial Services Group Inc. in April 2016.

Damages Resulting From Newbridge Securities Corporation Securities Broker Ivan Gefen?

Sustained damages due to securities broker Ivan Gefen? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group, who has helped recover money for investors within all 50 states, represents clients on a contingency fee basis and advances all costs. Gefen and brokerage firms Gefen worked for deny any and all accusations of sales-related misconduct.