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Read MoreIvan Gefen: $1mm Complaint Against Newbridge Advisor
Boca Raton financial advisor Ivan Gefen (CRD# 1229418) allegedly engaged in conduct that resulted in damages of more than $1 million, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Newbridge Securities and Newbridge Financial Services Group, respectively.
Mr. Gefen’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in May 2023, alleges that as a representative of Newbridge Securities Corporation, he breached his fiduciary duty, acted negligently, committed fraud, breached contract, and violated Regulation Best Interest. The pending complaint alleges damages of $1.2 million.
An earlier investor complaint, filed in 2017, alleged that as a representative of Morgan Stanley Smith Barney, he recommended unsuitable investments between February 2013 and February 2016. In 2018 the complaint reached a settlement of $295,000.
A third investor complaint, filed in 2015, alleged that as a representative of VFinance Investments, he made an unauthorized transaction. The complaint reached a settlement of $10,000.
A fourth investor complaint, filed in 1997, alleged that as a Prudential Securities representative, he breached his fiduciary duty, engaged in manipulation, executed unauthorized trades, and omitted facts relating to an investment. In 1998 the complaint reached a settlement of $400,100.
A fifth investor complaint, filed in 1991, alleged unspecified damages and reached a settlement of $14,250. A sixth, filed in 1991, alleged that he failed to execute transactions, leading to losses. In 1992 the complaint reached a settlement of $28,750.
According to the Financial Industry Regulatory Authority, Ivan Gefen holds 39 years of securities industry experience. Based in Boca Raton, Florida, he has been a broker with Newbridge Securities and an investment advisor with Newbridge Financial Services Corporation since 2016. His past registrations include Morgan Stanley (Boca Raton, Florida; 2013-2016), National Securities Corporation (Boca Raton, Florida; 2012-2013), VFinance Investments (Boca Raton, Florida; 2000-2012), Prudential Securities (New York, New York; 1987-2000), and First Miami Securities (1984-1987). His credentials include the passage of seven securities industry qualifying exams: the Municipal Securities Representative Examination, or Series 52; the Non-Member General Securities Examination, or Series 2; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, New Jersey, New York, and Pennsylvania. (Information current as of June 24, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.
