FINRA

Respondent Murray failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Letter

Suspension

All capacities

Indefinite

Continues until required payment is made or discharged.

4/2/2019

Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Murray is suspended on April 2, 2019 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

FINRA

Respondent Murray failed to respond to FINRA request for information.

letter

Bar (Permanent)

All capacities

Indefinite

8/7/2018

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated May 4, 2018, and May 29, 2018, respectively, on August 7, 2018, Murray is barred from association with any FINRA member in all capacities. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

CLIENT ALLEGES CHURNING, UNAUTHORIZED TRADING; NEGLIGENCE, VIOLATION OF FINRA RULES 2110, 2310, 2130, 2330 AND 2111, BREACH OF CONTRACT, AND BREACH OF FIDUCIARY DUTY. ACTIVITY DATE IS: 6/2010 THRU 4/2017.

$100,000.00

$60,000.00

** UPDATE - THIS EVENT IS NO LONGER REPORTABLE ON THE CURRENT U4 BECAUSE IT WAS FILED MORE THAN 24 MONTHS AGO AND DID NOT SETTLE FOR $15,000 OR MORE.** CLIENT ALLEGES EXCESSIVE TRADING. DATE OF ACTIVITY IS 7/28/2010 THRU 3/19/2013.

$10,000.00

** UPDATE - THIS EVENT IS NO LONGER REPORTABLE ON THE CURRENT U4 BECAUSE IT WAS FILED MORE THAN 24 MONTHS AGO AND DID NOT SETTLE FOR $15,000 OR MORE.** I DISAGREE WITH MY CLIENT'S ALLEGATION. CLIENT WAS ON A $100 PER TRADE FOR SEVERAL YEARS AND REFUSED MY OFFER TO EMPLOY A WRAP FEE ACCOUNT.

$749,037.36

Tax

THE CUSTOMERS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT RECOMMENDATIONS.

$100,000.00

$23,000.00

CUSTOMER ALLEGES MR. MURRAY WAS NOT REGISTERED TO DO BUSINESS IN ARIZONA DURING 2000 AND 2001, AND THAT HIS ACCOUNT DECREASED IN VALUE BY $400,000 DURING THIS TIME. NO DAMAGE IS SPECIFICALLY ATTRIBUTED TO THE ALLEGED LACK OF REGISTRATION.

INVESTMENT IN MUTUAL FUND INAPPROPRIATE FOR CLIENT.

$60,000.00

MORGAN STANLEY DENIED CUSTOMER'S ALLEGATION. THE FIRM HAS RECEIVED NO FURTHER COMMUNICATIONS FROM CUSTOMER

VARIOUS SECURITIES LAW VIOLATIONS WHICH ALLEGEDLY OCCURRED BETWEEN 1994 AND 1990. ALL CLAIMS EXCEPT ONE RELATING TO SUITABILITY, WERE DISMISSED BY THE COURT. DAMAGES SOUGHT $54,000.

$54,000.00

$15,000.00

WITHOUT ADMITTING LIABILITY AND SOLELY TO AVOID THE EXPENSES OF LITIGATION AND TRAVEL, DEAN WITTER PAID $15,000. THE CASE WAS FILED IN CALIFORNIA AND I RESIDE IN FLORIDA. I WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT. OVER A PERIOD OF 7 YEARS BEGINNING IN 1984 ON MY RECOMMENDATION, THE CUSTOMER MADE 9 INVESTMENTS WHICH EVENTUALLY RESULTED IN LOSSES. OVER THE 7 YEAR PERIOD THEIR WAS NO COMPLAINT BY HER. THE LOSSES WERE THE RESULT OF MARKET ACTIVITY. I WAS PREPARED TO APPERA BEFORE THE COURT AND TESTIFY AS I BELIEVE THE CLAIM WOULD HAVE BEEN DENIED. THE CUSTOMER ACCEPTED AND ADOPTED ALL OF MY DEFENSES AS SET FORTH IN MY ANSWER THEREBY ACKNOWLEDGING THAT THE INVESTMENTS WERE SUITABLE.

SEEKING THE RECOVERY OF DAMAGES BY VIRTUE OF THE DECLINE IN VALUE OF HER POSITION IN MODULAR COMPUTERS SYSTEMS, INC.

$9,000.00

THE CLAIMANT WAS AWARDED $9,000.00. I DID NOT CONTRIBUTE TO THE SETTLEMENT. NOT PROVIDED