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Ivan Gefen Of Newbridge Securities Corporation Has 11 Customer Complaints For Alleged Broker Misconduct

Who is Ivan Gefen of Newbridge Securities Corporation?

Ivan Gefen

Ivan Gefen (CRD #1229418) who is currently registered as a broker and investment adviser with Newbridge Securities Corporation and located in Boca Raton, Florida, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Newbridge Securities Corporation, Ivan Gefen was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Ivan Geffen filed for bankruptcy in 2019 and discharge all his debts.

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Ivan Gefen Customer Complaints

Ivan Gefen has been the subject of 11 customer complaints that we know about seeking to recover investment losses. One customer complaint evolved into NASD arbitration and an award in favor of the investor against Prudential Securities for Ivan Geffen’s alleged misconduct. Five more customer complaints evolved in FINRA arbitration proceedings at was settled by Richard Geffen’s former employers in favor of the investors.  Another for customer complaints were denied by Ivan Geffen’s former employers and the investors took no further action.  There is currently one FINRA arbitration proceeding, that is still pending against Newbridge Securities Corporation for Ivan Geffen’s alleged misconduct.

Allegations Against Ivan Gefen

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Breach of fiduciary duty, negligence, fraud, breach of contract, and violation of Regulation BI.
  • Unsuitable investment in Putnam high income government trust.
  • Fraud by broker and materially overstating performance of investments.
  • Unauthorized trading and churning.
  • Failure to execute transactions.
  • Excessive and unsuitable trading.
  • Breach of fiduciary duty, manipulation, unauthorized trading.

Ivan Gefen Red Flags & Your Rights As An Investor

Of course, Ivan Gefen did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Ivan Gefen at Newbridge Securities Corporation on alert to review carefully the activity and performance of their accounts and question whether Ivan Gefen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Newbridge Securities Corporation also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Newbridge Securities Corporation Due To Ivan Gefen

 If you have questions about Newbridge Securities Corporation and/or Ivan Gefen and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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