Newbridge Securities Corporation broker Ivan Gefen (CRD# 1229418) faces customer complaints related to stock losses. He has been registered with Newbridge Securities Corporation in Boca Raton, Florida, since 2016. Previously, he was registered with Morgan Stanley in Boca Raton, Florida, from 2013 to 2016, and with National Asset Management, Inc. in Boca Raton, Florida, from 2010 to 2013.
Ivan Gefen Customer Complaints
He has been the subject of 11 customer complaints between 1990 and 2023, three of which were denied, and one was closed without action, according to his CRD report. The most recent complaints are regarding:
May 2023. “Breach of fiduciary duty, negligence, fraud, breach of contract, and violation of Regulation BI.” The customer is seeking $1,200,000 in damages, and the case is currently pending. The complaint took place while he was registered with Newbridge Securities Corporation, and it was regarding common and preferred stocks.
July 2017. “Claimant alleged unsuitability, inter alia, with respect to investments – February 2013 to February 2016.” The customer sought $1,500,000 in damages, and the case was settled for $295,000. The complaint took place while he was registered with Morgan Stanley, and it was regarding municipal debt, common and preferred stocks, and closed-end funds.
March 2015. “Unauthorized trade.” The case was settled for $10,000. The complaint took place while he was registered with VFinance Investments, and it was regarding municipal debt.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Newbridge Securities Corporation may be liable for investment or other losses suffered by Ivan Gefen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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