Ivanhoe Ffriend Suspended by FINRA

Ivanhoe Ffriend (CRD #: 1013083), a broker registered with Cetera Advisor Networks, has been suspended by FINRA, according to his BrokerCheck record, accessed on November 13, 2025. Investors may have also engaged his services through Cetera Investment Advisers. Keep reading if you want to know more about his alleged conduct as a broker.

FINRA Suspension

On October 14, 2024, Ivanhoe Ffriend consented to the entry of findings that he allegedly caused Cetera Advisor Networks to keep inaccurate books and records by mismarking order tickets for equity transactions as unsolicited instead of solicited.

According to a Letter of Acceptance, Waiver & Consent (AWC), between February 2019 and November 2021, Ivanhoe Ffriend allegedly mismarked 500 order tickets for equity transactions that he recommended to clients as being unsolicited trades. However, the AWC alleges that his recommendations of the transactions required them to be marked as solicited.

Further, the AWC alleges that Ivanhoe Ffriend executed trades in four client accounts without prior written authorization to do so. Cetera Advisor Networks had allegedly not accepted the accounts as discretionary.

The AWC concluded that these allegations constitute violations of FINRA Rules 4511, 2010, and 3260(b).

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 3260

FINRA Rule 3260 limits brokers trading discretion to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm.

Sanctions

Ivanhoe Ffriend consented to the following sanctions:

• 3-month suspension from associating with FINRA members
• $7,5000 fine

His suspension began on November 4, 2024, and will end on February 3, 2025. You can access the full AWC here.

Background Information

Ivanhoe Ffriend has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 24 – General Securities Principal Examination

Ivanhoe Ffriend is a registered broker in eight states and a registered investment adviser in New York.

He has also worked for the following firms:

• North Ridge Securities Corporation (CRD#:27098)
• RNR Securities (CRD#:43689)
• Basic Investors (CRD#:1187)
• J.P. Turner & Company (CRD#:43177)
• First Security Investments (CRD#:24035)
• Wise Choice Discount Brokerage (CRD#:39924)
• Investacorp (CRD#:7684)
• Nathan & Lewis Securities (CRD#:8503)
• American Capital Financial Services (CRD#:146)

Kurta Law Can Help

If you worked with Ivanhoe Ffriend and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.