Dennis Boyd McMurray, of Irvine, California, a stockbroker formerly registered with Girard Securities, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he did not furnish information and documentation to FINRA regulators in the course of an investigation into accusations that McMurray sold away from Girard Securities, Inc. Letter of Acceptance, Waiver and Consent, No. 2016051351801 (Sept. 27, 2017).
According to the AWC, McMurray was fired from Girard Securities on August 17, 2016, founded upon accusations that he effected unapproved private securities transactions. FINRA launched an investigation into McMurray’s alleged misconduct, where on March 31, 2017, a letter was sent by FINRA to McMurray requesting that McMurray provide information and documentation to FINRA staff by April 14, 2017, in accordance with Rule 8210.
McMurray apparently received FINRA’s request, obtained counsel and sought an additional month to provide FINRA staff with a response. Apparently, FINRA granted McMurray two additional extensions to cooperate, where FINRA imposed a June 30, 2017 deadline. At the deadline; however, McMurray reportedly failed to hand over information and documentation that FINRA sought. Consequently, McMurray was found by FINRA to have violated FINRA Rules 8210.
FINRA Public Disclosure confirms that McMurray was fired from previous FINRA member brokerage firm, LPL Financial LLC, where he was a stockbroker from November 17, 2008, to September 20, 2013. LPL fired McMurray for violating document signature policies set forth by the firm.
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