Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 5, 2018 indicate that New York-based FSC Securities Corporation broker Thomas Murray has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Murray (CRD# 721725).
Thomas Murray has spent 37 years in the securities industry and has been registered with FSC Securities Corporation in Hartsdale, New York since 2009. Previous registrations include Advantage Capital Corporation in Hartsdale, New York (2007-2009; 1983-2007) and First Investors Corporation (1981-1983). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 23, 2007; Series 62 (Corporate Securities Limited Representative Examination), which he obtained on February 27, 2001; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on January 6, 1981. He is a registered broker with seven US states and territories: Connecticut, Florida, Maryland, New Jersey, New York, North Carolina, and Virginia. He is registered with one self-regulatory organization (SRO): FINRA.
According to his BrokerCheck report, he has received one pending customer complaint.
In February 2018 a customer alleged Thomas Murray, while employed at FSC Securities Corporation, recommended an unsuitable investment in oil and gas securities. The customer is seeking $210,000 in damages in the pending complaint.
Suitability, for reference, is the standard that requires brokers to recommend only investments considered appropriate for their clients’ individual profiles. They must weigh such factors as the client’s investment goals, experience, age, income, risk tolerance, and more. They additionally may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Thomas Murray, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.