Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on November 10, 2016 indicate that Arizona-based Moors & Cabot broker/adviser Charles Murphy II has been terminated from a former employer. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Murphy II (CRD# 2105028).
Charles Murphy II has spent 25 years in the securities industry and has been registered with Moors & Cabot in Phoenix, Arizona since September 2016. He was previously registered with Merrill Lynch in Roswell, New Mexico (1990-2016). He is a registered broker and investment adviser with 23 US states and territories: Arizona, California, Connecticut, Florida, Idaho, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Utah, Virginia, Washington, Wisconsin, and Wyoming. He has passed five securities exams: Series 8, or General Securities Sales Supervisor Examination (Options Module & General Module); Series 7, or General Securities Representative Examination; Series 31, or Futures Managed Funds Examination; Series 63, or Uniform Securities Agent State Law Examination; and Series 65, or Uniform Investment Adviser Law Examination.
According to his BrokerCheck report, Charles Murphy II has been terminated from one former employer.
In September 2016 Charles Murphy II was discharged from his position at Merrill Lynch following allegations of “Conduct involving solicitation of a no opinion security and mismarking trades as unsolicited, resulting in a loss of management confidence.” For context, NASD Rule 3040 states that “No person associated with a member shall participate in any manner in a private securities transaction except in accordance with the requirements of this Rule.” FINRA Rule 2010 states that “A member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.” The investigation remains pending.
If you or someone you know has a complaint regarding Charles Murphy II, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.