Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that former Florida-based Raymond James & Associates broker/adviser Stephen Murray was recently sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Murray (CRD# 343722).
Stephen Murray has spent 43 years in the securities industry and was most recently registered with Raymond James & Associates in Palm Beach Gardens, Florida (2013-2018). Previous registrations include Morgan Keegan & Company in Jupiter, Florida (2010-2013); First Financial Equity Corporation in Scottsdale, Arizona (2010); Banc of America Investment Services in Boca Raton, Florida (2003-2009); Morgan Stanley DW in Purchase, New York (1978-2003); and Reynolds Securities (1973-1978). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on October 17, 2005; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 27, 1981; PC (AMEX Put and Call Exam), which he obtained on April 1, 1977; and Series 1 (Registered Representative Examination), which he obtained on October 8, 1973. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received five customer complaints and one regulatory sanction.
In May 2018 FINRA sanctioned him following allegations he failed to respond to a FINRA request for information. He was suspended from acting as a broker “until the required information is provided to FINRA or the suspension converts to a bar.”
In 2017 a customer alleged Stephen Murray, while employed at Raymond James & Associates, churned investments, executed unauthorized trades violated FINRA rules, breached contract, and breached his fiduciary duty. The complaint settled for $60,000.
In 2013 a customer alleged Stephen Murray, while employed at Raymond James & Associates and Morgan Keegan, executed excessive trades. The complaint settled for $10,000.
In 2011 a customer alleged Stephen Murray, while employed at Banc of America Investment Services, misrepresented material facts and recommended unsuitable investments. The complaint settled for $23,000.
In 1994 a customer alleged he, while employed at Dean Witter Reynolds, recommended unsuitable investments. The complaint settled for $15,000.
If you or someone you know has complaints regarding Stephen Murray, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.