Kevin P. Murphy and TGP Securities
Have you lost money with financial advisor Kevin Murphy of Summit, New Jersey? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Kevin Patrick Murphy. FINRA suspended Murphy from the securities industry for 12 months and fined him $10,000 after he sold $1.2 million worth of shares and warrants in a private placement. FINRA alleged that Murphy did so with the knowledge or authorization from his brokerage firm, TGP Securities, which is in violation of FINRA rules.
Kevin Patrick Murphy was a financial advisor and registered representative of TGP Securities from July 2012 to January 2014. He worked at a branch office in Summit, New Jersey.
Brokerage firms like TGP Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Murphy FINRA AWC
Click to view: Murphy BrokerCheck 1.11.16
HAVE YOU LOST MONEY WITH KEVIN P. MURPHY or TGP SECURITIES?
Denver Office: (720) 599-3505
Seattle Office: (206) 795-5798