Brett Scott Murphy, of Palm Beach Gardens, Florida, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related arbitration claim on August 11, 2016, in which the customer requested $2,000,000.00 in damages based upon allegations that Murphy effected unsuitable unit investment trust transactions in the customer’s account, and traded in the customer’s account on an excessive basis. The customer additionally alleged that from 2011 to 2016, the firm failed to appropriately supervise Murphy’s activities concerning the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on March 3, 2015, a customer filed an investment related written complaint involving Murphy’s conduct, based upon allegations that Murphy effected unauthorized stock and mutual fund transactions in the customer’s account.
Murphy’s registration with Oppenheimer & Co. Inc. was terminated on March 4, 2015. On March 4, 2015, he became registered with Revere Securities LLC. Since March 14, 1994, Murphy has been associated with six different broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. #cockroach
Guiliano Law Group
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