(888) 637-5510

Written by 4:01 pm Blog, Current Investigations, Securities Fraud Articles

Stephen Allen Murray Barred from Securities Industry

Stephen Allen Murray

Stephen Allen Murray – Raymond James & Associates – Palm Beach Gardens, FL

According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred Florida financial advisor Stephen Allen Murray from associating with any FINRA member in any capacity.

Murray reportedly failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from the securities industry.

According to his FINRA BrokerCheck report, Murray has 7 customer complaints on his record. Allegations include churning, unauthorized trading, negligence and unsuitable investment recommendations among others. Murray was a registered representative with Raymond James & Associates in Palm Beach Gardens, FL from February 2013 until February 2018.

Failure to Supervise

The White Law Group is investigating potential claims involving Stephen Allen Murray and the possibility that his employer, Raymond James & Associates failed to properly supervise his alleged activities.

Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.

Did you suffer losses investing with Stephen Allen Murray? If so, the attorneys at The White Law Group may be able to help you to recover your losses. For a free consultation with an attorney specializing in investment fraud, please call (888) 637-5510.

The foregoing information, which is all publicly available, is being provided by The White Law Group.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information, please visit our website, www.whitesecuritieslaw.com.




Tags: , , , , , , , , , , , , , , Last modified: October 25, 2018