Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 14, 2016 indicate that former California-based Girard Securities broker Dennis McMurray is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. McMurray (CRD# 2557396).
Dennis McMurray has spent fifteen years in the securities industry and was most recently registered with Girard Securities in Irvine, California (2013-2016). Previous registrations include LPL Financial in Rancho St. Margarita, California; Merrill Lynch in Newport Beach, California; and AG Edwards & Sons in San Juan Capistrano, California. He is currently not registered with any state or firm.
According to his BrokerCheck report, Dennis McMurray resigned from Girard Securities and was discharged from LPL Financial.
In August 2016 Dennis McMurray voluntarily resigned from his position at Girard Securities following allegations he participated in private securities transactions and selling away, and used a non-approved email address in the conduct of securities business.
In September 2013 Dennis McMurray was terminated from his position at LPL Financial following allegations he violated the firm’s document signature policy.
“Selling away” refers to the purchase, solicitation, or sale by a broker of securities not offered by his/her member firm. Such transactions are typically also not included in the firm’s official records. Both FINRA rules and federal securities law forbid selling away: Perhaps the most important regulatory codification with respect to selling away is FINRA Rule 3040, which states that “No person associated with a member shall participate in any manner in a private securities transaction” unless the transaction complies with numerous terms, including written authorization from the member firm. Investment professionals who engage in selling away may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have suffered losses while investing with Dennis McMurray, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.