Richard James Murphy of New York New York a stockbroker formerly registered with Tullett Prebon Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA with a response to its request for information. Case No. 2017053489901 (Feb. 20, 2018).
FINRA Public Disclosure reveals that Murphy was suspended on December 8, 2017. He was apparently required to provide FINRA personnel with the requested information and seek that his suspension be lifted by the February 19, 2018 deadline. Murphy reportedly failed to cooperate, resulting in him being automatically barred by FINRA from the securities industry.
This is not the first time that Murphy has been sanctioned by the regulator for misconduct. Specifically, Murphy has been suspended by FINRA in all capacities founded on accusations that he failed to comply with FINRA Arbitration No. 14-01155 (Sept. 12, 2016), wherein Murphy was found liable for breach of fiduciary duty and breach of contract and ordered to pay $49,571.00 in compensatory damages.
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