Izhar Shefer was a Florida based securities broker. He worked in the securities industry for twenty-eight years. During his career, he was registered with eight different securities firms.

His registrations included; Corporate Securities Group (1988), Merrill Lynch (1988-1995, 2007-2011), Salomon Smith Barney Inc. (1995-2001), Prudential Securities Incorporated (2001-2003), Wachovia Securities (2003-2007), Morgan Stanley (2011-2017), and APW Capital (2018). He is no longer working as a registered securities broker in any fashion.

Izhar Shefer’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.

In October 1998, a customer alleged that the corporate bonds purchased in his account were unsuitable. This case was settled for $5,000 in damages.

In April 2016, a customer alleged unauthorized trading and misrepresentation with respect to option investments. The alleged transgressions taking place between May 2015 and January 2016. This case was settled for $60,000 in damages.

In May 2016, a customer alleged that Izhar Shefer misrepresented an unsuitable trading strategy. The alleged transgressions taking place between June and November of 2015. This case was settled for $172,500 in damages.

In October 2016, customers alleged that Izhar Shefer made unsuitable investment recommendations. This case was settled for $43,110 in damages.

In September 2017, a customer alleged unsuitable investments. The alleged transgressions taking place between July 2015 and February 2017. This case was settled for $30,000 in damages.

In May 2018, another customer alleged unsuitable investments. The alleged transgressions taking place between August 2015 and March 2017. This case was settled for $26,840 in damages.

In August 2018, more customers alleged unsuitability with respect to investments against Izhar Shefer. The alleged transgressions taking place between 2011 and 2017. This case is currently pending. The customers are seeking $70,000 in damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Izhar Shefer, please contact Oakes & Fosher for a free and private consultation.