David Michael Murray of New York New York a stockbroker currently employed by Worden Capital Management LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $174,991.00 in damages founded on accusations of (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty (4) suitability (5) and negligence with regard to the common and preferred stock and over-the-counter equities transactions effected by Murray during the period that he was employed by Worden Capital Management. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01580 (July 1, 2019).
Murray is the subject of three more customer initiated investment related disputes pertaining to allegations of his bad business practices while employed by securities broker dealers including HD Brous Co. Inc. FINRA Public Disclosure indicates that a customer initiated investment related complaint pertaining to Murray’s conduct was settled for $21,000.00 in damages supported by allegations that transactions were facilitated in the customer’s account by Murray without consent from the customer during the period in which the stockbroker was employed by HD Brous.
Another customer initiated investment related civil action which was brought in the United States District Court for the Central District of California in reference to Murray’s conduct has been resolved for $79,452.00 in damages based upon accusations that the customer’s funds were not used for purchases of Genesis and Muse as the customer expected but instead used by Murray to effect other over-the-counter equities trades which generated losses for the customer’s HD Brous account. Murray is also referenced in a customer initiated investment related complaint in which the customer requested $46,744.65 in damages based upon allegations that misrepresentations were made to the customer by Murray while he was associated with HD Brous.
Murray has been registered with Worden Capital Management since August 1, 2017.
