Izhar Shefer (CRD# 1759498) is a former FINRA broker and investment advisor. In 2018, Mr. Shefer was associated with APW Capital in Aventura, Florida.
Prior to that, this broker also served as a representative for Morgan Stanley (2011 to 2017) and Merrill Lynch (2007 to 2011).
Customer Complaints: Izhar Shefer
Since 2016, seven different investor complaints have been filed against Izhar Shefer.
For the most part, these claims involve allegations of unsuitable investment recommendations. Specifically, the following is a list of the seven most recent client complaints filed against this broker:
- Unauthorized trading claim, settled for $60,000 in damages;
- Unsuitable trading strategy claim, settled for $172,500 in damages;
- Unsuitable investment recommendations claim, denied by a FINRA arbitration panel;
- Unsuitable investment advice claim, settled for $43,110.17 in damages;
- Unsuitability claim, settled for $30,000 in financial compensation;
- Purchase of unsuitable investments, settled for $26,840 in damages; and
- Unsuitable investment strategy claim, a case that is still listed as pending and for which the customer is seeking $700,000 in compensation.
Notably, for several of these complaints, Mr. Shefer submitted comments to FINRA. In his comments, he denied any culpability and indicated that these claims were settled to avoid the costs and uncertainty associated with securities litigation.
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