Advisor Alert: Our Attorneys Are Investigating Ivan Richard Gefen For Investment Fraud
Did You Lose Money Because of Ivan Gefen?
Filed: February 27, 2024
Ivan Gefen currently has one (1) pending customer complaint. Overall, he has been the subject of eleven (11) customer complaints and one (1) financial event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Ivan Richard Gefen.
Who Is Ivan Richard Gefen of Newbridge Securities Corporation and Newbridge Financial Services Group, Inc.?
- Advisor Name: Ivan Richard Gefen
- Aliases: Ivan Gefen
- CRD: 1229418
- Location: Boca Raton, Florida
- Current Employer: Newbridge Securities Corporation and Newbridge Financial Services Group, Inc.
- Previous Firms: Morgan Stanley and National Asset Management, Inc.
- Number of Known Customer Complaints: 11
- Number of Known Financial Events: 1
- Can Ivan Gefen Be Sued: Yes, in Private Arbitration
- Can Ivan Gefen’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,500,000
- Highest Settlement: $400,100
If you have suffered investment losses by Ivan Gefen, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Ivan Gefen For Broker Misconduct
As of this publication date, Ivan Gefen has been the subject of 11 customer disputes and 1 financial event. Let’s review them below.
In May 2023, a FINRA arbitration was filed against or in reference to Ivan Gefen by a customer of Newbridge Securities Corporation alleging breach of fiduciary duty, negligence, fraud, breach of contract, and violation of regulation BI. Per the customer, he/she lost over $1,200,000 because of Mr. Gefen’s actions. As of this publication date, this claim remains pending.
In March 2019, Ivan Gefen filed for bankruptcy in the Federal Court of Southern Florida.
In July 2017, a FINRA arbitration was filed against or in reference to Ivan Gefen by a customer of Morgan Stanley Smith Barney alleging unsuitability, inter alia, with respect to investments. Per the customer, he/she lost over $1,500,000 because of Mr. Gefen’s actions. On May 25, 2018, Mr. Gefen settled the claim for $295,000, and some or all of this amount may have been paid by Mr. Gefen’s employer and/or insurance carrier.
In March 2015, a FINRA arbitration was filed against or in reference to Ivan Gefen by a customer of Morgan Stanley Smith Barney alleging unauthorized trade. On July 1, 2015, Mr. Gefen settled the claim for $10,000, and some or all of this amount may have been paid by Mr. Gefen’s employer and/or insurance carrier.
In March 2009, a complaint was filed against or in reference to Ivan Gefen by a customer of VFinance Investments, Inc. alleging unsuitable investments. Per the customer, he/she lost over $39,073 because of Mr. Gefen’s actions.
In March 2008, a complaint was filed against or in reference to Ivan Gefen by a customer of VFinance Investments, Inc. alleging fraud and that Mr. Gefen materially overstated performance returns. Per the customer, he/she lost over $25,000 because of Mr. Gefen’s actions.
In February 2008, a complaint was filed against or in reference to Ivan Gefen by a customer of VFinance Investments, Inc. alleging unauthorized trading; churning. Per the customer, he/she lost over $7,073.86 because of Mr. Gefen’s actions.
In April 2000, a complaint was filed against or in reference to Ivan Gefen by a customer of First Miami Securities alleging that an investment in the Putnam High Income Government Trust made 15 years ago was unsuitable. Additional allegations include fraud, negligence, and breach of fiduciary duty. Per the customer, she lost over $52,937 because of Mr. Gefen’s actions.
In September 1998, a NASD arbitration was filed against or in reference to Ivan Gefen by a customer of Prudential Securities, Inc. alleging excessive and unsuitable trading. Per the customer, he/she lost over $601,983 because of Mr. Gefen’s actions. On September 23, 1998, Mr. Gefen settled the claim for $400,100, and some or all of this amount may have been paid by Mr. Gefen’s employer and/or insurance carrier.
In April 1991, a NASD arbitration was filed against or in reference to Ivan Gefen. On November 29, 1991, Mr. Gefen settled the claim for $14,250, and some or all of this amount may have been paid by Mr. Gefen’s employer and/or insurance carrier.
In April 1991, a NASD arbitration was filed against or in reference to Ivan Gefen alleging failure to execute transactions. Per the customer, he/she lost over $270,000 because of Mr. Gefen’s actions. On April 27, 1992, Mr. Gefen settled the claim for $28,750, and some or all of this amount may have been paid by Mr. Gefen’s employer and/or insurance carrier.
In November 1990, a NASD arbitration was filed against or in reference to Ivan Gefen by a customer of Prudential Securities, Inc. alleging misrepresentation of unsuitable equities bonds and limited partnerships purchased with alleged damages in excess of 280,000. Per the customer, he/she lost over $200,000 because of Mr. Gefen’s actions. An arbitration panel found that Ivan Gefen was negligent and awarded $158,000 in favor of the customers.
How To File A Claim Against Ivan Gefen of Newbridge Securities Corporation and Newbridge Financial Services Group, Inc. (previously with Morgan Stanley and National Asset Management, Inc.) To Get Your Money Back
If you have questions about Ivan Gefen, Newbridge Securities Corporation, Newbridge Financial Services Group, Inc., Morgan Stanley, National Asset Management, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.