David M. Murray Investigation
November 2021- Holmdel, NJ
According to publicly available records David Murray (CRD#1870050), a stockbroker currently employed with Monmouth Capital Management LLC, discloses 3 pending and 3 prior customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
The following FINRA arbitrations involving Murray are currently pending:
- FINRA Case 21-1521-a customer of Worden Capital Management is seeking damages of $653,700 and alleges that Murray churned the account, made unsuitable recommendations and breached his fiduciary duty.
- FINRA Case 20-3892-A customer of Laidlaw & Co. seeks damages of $278,274 and alleges that Murray overconcentrated and churned the account and made unsuitable recommendations.
Murray was employed with Laidlaw & Co. from 1/2014-8/2017. He was then with Worden Capital Management from 8/2017-10/2021.
If you had an account with David Murray that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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