Murray Todd Petersen (also known as Todd Petersen) of Roseville California a stockbroker formerly registered with SCF Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $77,500.00 in damages supported by accusations of breach of fiduciary duty and fraud as it pertained to an outside business activity during the time that he was employed by SCF Securities Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03618 (December 23, 2020).

FINRA Public Disclosure shows that Petersen has been identified in ten additional customer initiated investment related disputes involving allegations of his sales practice violations while he was registered with Financial Network Investment Corporation and SCF Securities. On August 31, 2020, a customer initiated investment related FINRA securities arbitration claim involving Petersen’s activities was resolved for $52,920.00 in damages based on accusations of an outside business activity in violation of Petersen’s fiduciary duty. FINRA Arbitration No. 20-00788. The claim alleges that the customer was defrauded through a purchase of diamonds relating to the outside business activity.

On September 23, 2020, another customer initiated investment related FINRA securities arbitration claim regarding Petersen’s conduct was settled for $351,205.00 in damages founded upon allegations of the stockbroker committing fraud and breaching a duty owed to the SCF Securities customer. FINRA Arbitration No. 20-01962 (September 23, 2020).

Petersen is also referenced in a customer initiated investment related FINRA securities arbitration claim that was resolved for $46,305.00 in damages supported by accusations of a fraudulent diamond sale relating to Petersen’s outside business activity when he was registered with SCF Securities. FINRA Arbitration No. 20-00788 (August 31, 2020). The claim also alleges a breach of fiduciary duty.

On November 6, 2020, a different customer initiated investment related FINRA securities arbitration claim concerning Petersen’s activities was settled for $45,000.00 in damages based on allegations that Petersen breached a fiduciary obligation in a diamond sale as part of his outside business activity when associated with SCF Securities. FINRA Arbitration No. 20-00909.

Petersen was discharged by SCF Securities on October 29, 2019, founded upon accusations of omissions or misstatements concerning his outside activities while registered with the firm.

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