Paul William Murphy of Ocala, Florida, a stockbroker registered with Calton Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Murphy made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of real estate securities when Murphy was associated with Calton Associates Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02327 (March 31, 2023).
This is not the first time that Murphy has been referenced in a customer initiated investment related dispute concerning Murphy’s conduct in the securities industry. FINRA Public Disclosure shows that Murphy is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $12,734.00 in damages based upon allegations that Murphy made unsuitable recommendations, made misrepresentations of material fact, and breached his fiduciary duties in connection with the sale of BDCs. FINRA Arbitration No. 20-03464 (March 23, 2021).
Murphy is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $42,500.00 in damages based upon allegations that Murphy breached fiduciary duties and made unsuitable recommendations of real estate securities at Calton Associates Inc. FINRA Arbitration No. 21-02417 (August 2, 2022).
Murphy has been registered with Calton Associates Inc. as a stockbroker since February 17, 2015, and as an investment advisor representative since February 23, 2015.
