Edward George Murphy of Chicago Illinois a stockbroker currently registered with David A. Noyes Company is referenced in a customer initiated investment related written complaint on October 11, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that unsuitable unit investment trust trades were placed in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Murphy is referenced in three more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with firms including Hamilton Investments and David A. Noyes & Company.
Specifically, a customer initiated investment related complaint regarding Murphy’s activities was resolved for $17,549.68 in damages founded on accusations that misrepresentations had been made to the customer concerning collateralized mortgage obligations bonds. The customer apparently was not made aware that prices on the bonds could decline as much as thirty percent in a year and that the bonds were extendable.
Then, a customer initiated investment related arbitration claim concerning Murphy’s conduct was settled for $45,226.00 in damages supported by allegations of suitability pertaining to the customer’s investments. National Association of Securities Dealers (NASD) Arbitration No. 94-05209.
Subsequently, a customer initiated investment related arbitration claim regarding Murphy’s activities was resolved for $40,000.00 in damages based upon accusations of unwarranted losses on the customer’s unit investment trust investment holdings. FINRA Arbitration No. 11-04193 (Sept. 24, 2012).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
