Soreide Law Group is currently investigating claims on behalf of investors who might have suffered losses due to Ivan Gefen [CRD: 1229418], a broker and investment adviser in Boca Raton, Florida. Gefen has been associated with Newbridge Securities Corporation and Newbridge Financial Services Group Inc since April 2016. Below, investors will find crucial disclosures related to Ivan Gefen.
On May 17, 2023, a Newbridge Securities Corporation client initiated FINRA Arbitration No. 23-01425 against Ivan Gefen. The client claimed that Gefen breached a fiduciary duty, breached a contract, was negligent, and violated securities regulations. The allegations involved damages on stocks. The client is seeking $1,200,000 in compensation from Newbridge Securities Corporation or Gefen. This arbitration is currently pending.
A Morgan Stanley Smith Barney client filed FINRA Arbitration No. 17-01707 against Ivan Gefen. The client alleged unsuitability and other issues related to their investments, resulting in damages on products like municipal bonds, stocks, and other closed-end funds. On May 25, 2018, Morgan Stanley Smith Barney settled the matter, compensating the client $295,000.
A VFinance Investments client raised a complaint against Ivan Gefen, alleging unauthorized trades in municipal bonds. VFinance Investments resolved this issue on July 1, 2015, by compensating the client $10,000.
A VFinance Investments Inc. client disputed Ivan Gefen's sales practices in a complaint dated February 14, 2008. The client accused Gefen of unauthorized trading and churning involving stocks. The client sought compensation from VFinance Investments Inc. or Gefen. However, the complaint was denied, and Gefen maintained that the allegations were baseless.
On March 24, 2009, a VFinance Investments Inc. client filed a complaint against Ivan Gefen, alleging that he made unsuitable investments in stocks. The client requested $39,073 in damages, which was denied. Gefen noted that the accounts were profitable and that he did not directly manage one of the accounts in question.
If you've experienced losses due to sales practice violations, it's important to do something about it. Contact Soreide Law Group online or at (888) 760-6552 to discuss the possibility of recovering your investment losses. Soreide Law Group operates on a contingency fee basis and advances all costs. Gefen and his employers, Newbridge Securities Corporation and Newbridge Financial Services Group Inc., deny any wrongdoing in sales practices.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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