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Alvin Murgai Has Received Two Customer Complaints

Alvin MurgaiPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 30, 2016 indicate that Texas-based Merrill Lynch broker/adviser Alvin Murgai has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Murgai (CRD# 2072633).

Alvin Murgai has spent 25 years in the securities industry and has been registered with Merrill Lynch in Houston, Texas since 1999. Previous registrations include Fidelity Brokerage Services in Smithfield, Rhode Island (1992-1999) and Derand/Pennington/Bass (1991-1992). He is a registered broker and investment adviser with 53 US states and territories.

According to his BrokerCheck report, Alvin Murgai has received two customer complaints and one closed customer complaint.

In 2013 a customer alleged Alvin Murgai, while employed at Merrill Lynch, misrepresented and omitted material facts related to an investment, and made unsuitable investment recommendations. The complaint settled in 2014 for $59,000.

In 2004 a customer alleged Alvin Murgai, while employed at Merrill Lynch, recommended unsuitable investments. The complaint settled in 2005 for $150,000.

In 2003 a customer alleged Alvin Murgai, while employed at Merrill Lynch, executed unauthorized trades, made unsuitable recommendations, and misrepresented material facts related to mutual fund investments. The customer sought $51,479 in damages in the complaint, which was closed.

If you or someone you know has a complaint regarding Alvin Murgai, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.