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Robert Murray III Faces Churning Complaint

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding New York-based Spartan Capital broker Robert Murray III (CRD# 3036275).

Robert Murray III has spent sixteen years in the securities industry and has been registered with Spartan Capital Securities in Garden City and New York, New York since 2012. Previous registrations include Rockwell Global Capital in Melville, New York (2010-2012); Summit Brokerage Services in Amityville, New York (2009-2010); Vanguard Capital in Massapequa, New York (2008-2009); New Castle Financial Services in Melville, New York (2006-2007); Benson York Group in Melville, New York (2002-2006); Vanguard Capital in Del Mar, California (1999-2002); and HD Brous & Company in Great Neck, New York. Two of Mr. Murray III’s former employers, New Castle Financial Services and Benson York Group, have since been expelled by the Financial Industry Regulatory Authority (FINRA). He is a registered broker in 39 US states and territories.

shutterstock_208157017According to his BrokerCheck report, Robert Murray III is the subject of one customer complaint, two pending customer complaints, and four customer complaints that were closed or withdrawn.

In 2015 a customer alleged Robert Murray III, while employed at Spartan Capital Securities, charged excessive commissions and made unsuitable recommendations. The customer is seeking more than $45,200 in damages in the pending complaint.

In 2015 a customer alleged Robert Murray III, while employed at Spartan Capital Securities, made inappropriate investments, churned the account, made unsuitable recommendations, and executed unauthorized trades. The customer sought $11,000 in damages in the complaint, which was denied.

In 2014 a customer alleged Robert Murray III, while employed at Spartan Capital Securities, recommended unsuitable investments and used high pressure sales tactics. The customer sought more than $159,000 in damages in the complaint, which was denied.

In 2010 a customer alleged Robert Murray III, while employed at Summit Brokerage Services, executed unauthorized transactions. The customer sought $22,832 in damages in the complaint, which was closed with no action taken.

In 2010 a customer alleged Robert Murray III, while employed at Vanguard Capital, made unauthorized trades. The customer sought $5,000 in damages in the complaint, which was denied.

In 2004 a customer alleged Robert Murray III, while employed at Benson York Group, executed excessive and unauthorized trades. The complaint settled in 2005 for $23,715.

If you have lost money investing with Robert Murray III, you may be entitled to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.