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.
FINRA records disclose that there are currently three customer disputes pending against Robert J. Murray III, and six prior final customer disputes.
- FINRA Case 15-2421- a customer alleges that Mr. Murray made unsuitable investments causing damages of $31,711.
- FINRA Case #16-3605-a customer of Spartan Capital Securities alleges excessive commissions, excessive trading (churning) and conversion and is seeking damages of $374,839.
- FINRA Case #17-104-a customer of Spartan Capital Securities alleges unsuitable transactions and excessive trading (churning) and is seeking damages of $50,000.
According to FINRA records, Robert J. Murray, III is currently employed by Joseph Stone Capital. He was previously registered with Spartan Capital Securities from 10/2012-8/2016. Prior to that he was registered with Rockwell Global Capital, Summit Brokerage Services and Vanguard Capital.
If you have losses in an account handled by Robert J. Murray contact us to learn how you may be able to recover damages through FINRA arbitration.
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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