FINRA Suspends IVAN FRIEND – Goodman & Nekvasil, P.A. May Recover Losses
FINRA suspends IVAN FRIEND.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
IVANHOE VINCENT FRIEND (CRD#: 1013083), a broker for CETERA ADVISOR NETWORKS LLC, in New Rochelle, NY, is suspended from the securities industry. Without admitting or denying the findings, Ffriend consented to the sanctions and to the entry of findings that he caused his member firm to make and preserve inaccurate books and records by mismarking as unsolicited order tickets for equity transactions that he recommended to his customers. The findings stated that because Ffriend recommended the transactions, he should have marked the order tickets as solicited. The findings also stated that Ffriend exercised discretion without written authorization in customer accounts. Ffriend did not first speak to the customer prior to execution on the day of the transactions. Although the customers understood Ffriend was exercising discretion in their accounts, Ffriend did not have prior written authorization to do so from any of the customers. In addition, Ffriend’s firm did not accept the accounts as discretionary.
Friend also consented to a three-month suspension from associating with a FINRA member and a $7,500.00 fine.
FINRA Suspends IVAN FRIEND
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 10/16/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.