Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Kevin Murphy. If you suffered losses investing with Kevin Murphy, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Kevin Murphy (CRD# 1645347)
As of April 19, 2020, Kevin Murphy’s FINRA BrokerCheck Report contains the following:
SUSPENDED: FINRA has suspended this individual from acting as a broker. Please see the detailed report for more information
Disclosure Events
3 Regulatory Event(s)
1 Financial Disclosure(s)
UPDATE 4/17/2020: According to FINRA’s January 2020 Disciplinary Actions: “Kevin J. Murphy (CRD #1645347, Dana Point, California) November 15, 2019 – An Offer of Settlement was issued in which Murphy was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in all capacities for seven months. Without admitting or denying the allegations, Murphy consented to the sanctions and to the entry of findings that he participated in an undisclosed private securities transaction away from his member firm by soliciting and negotiating a $500,000 investment in exchange for shares of common stock of a company without providing prior written notice to the firm. The findings stated that Murphy solicited the investment in the company from two individuals, who jointly owned a corporation that was a customer of the firm, in order to provide funding for the company to become a FINRA member and operate as a clearing firm. The findings also stated that Murphy engaged in undisclosed outside business activities on behalf of the company, including acting as an officer of it, without providing prior written notice to his firm. In addition, Murphy had a reasonable expectation of compensation as a result of the work he performed on behalf of the company. The suspension is in effect from November 18, 2019, through June 17, 2020. (FINRA Case #2017054548001)”
Current and Previous Registrations
01/07/2017 – 07/31/2017 VELOX SECURITIES, INC. (CRD#:285402) ANAHEIM, CA
07/14/2008 – 01/04/2017 ELECTRONIC TRANSACTION CLEARING, INC. (CRD#:146122) LOS ANGELES, CA
07/18/2005 – 10/12/2007 LINSCO/PRIVATE LEDGER CORP. (CRD#:6413) SAN DIEGO, CA
04/13/2005 – 06/28/2005 MARK STEWART SECURITIES, INC. (CRD#:41270) COSTA MESA, CA
FINRA expelled the firm on 11/26/2019
06/29/2004 – 08/23/2004 ASSENT LLC (CRD#:104162) GENEVA, IL
03/11/2004 – 06/28/2004 COMPUTER CLEARING SERVICES INC (CRD#:20776) GLENDALE, CA
02/25/2004 – 03/11/2004 PRECISION SECURITIES, LLC (CRD#:103976) SAN DIEGO, CA
05/09/1997 – 02/23/2004 NATIONAL CLEARING CORP. (CRD#:14343) SHERMAN OAKS, CA
01/20/1997 – 03/03/1997 CHARLES SCHWAB & CO., INC. (CRD#:5393) SAN FRANCISCO, CA
05/21/1991 – 06/03/1991 DEL MAR SECURITIES, INC. (CRD#:14411)
FINRA expelled the firm on 03/03/1993
09/20/1988 – 05/17/1991 DEAN WITTER REYNOLDS INC. (CRD#:7556)
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Kevin Murphy and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
