Dennis James Murphy (Dennis Murphy) – Financial Advisor/Broker Dennis Murphy Barred from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Dennis James Murphy (Dennis Murphy) CRD #4840274
Dennis Murphy was a previously licensed financial advisor/broker with
Monmouth Capital Management LLC and Woodstock Financial Group, Inc. FINRA reports that Dennis Murphy was barred from the securities industry in May 2020.
According to FINRA:
Dennis Murphy consented to the sanction and to the entry of findings that Dennis Murphy refused to provide on-the-record testimony requested by FINRA in connection with an investigation concerning Dennis Murphy’s member firm’s supervision of potentially unsuitable trading.
According to Dennis Murphy’s BrokerCheck Report, one customer dispute has been filed alleging sales practice violations against Dennis Murphy.
Customer Dispute (9/20/2019): Allegations are excessive and unnecessary trading on margin with no downside, false and misleading statements, misrepresentation, breach of fiduciary duty, statutory and common law fraud, unsuitability, negligence, churning, unauthorized trading, and excessive commission. This customer dispute is currently pending and requests $21,982 in damages.
Goodman & Nekvasil, P.A. May Recover Investor Losses
If you lost money on investments with Dennis Murphy and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Dennis Murphy’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Dennis Murphy and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 7/1/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.