Murray Sinclaire – Murray Sinclaire Jr., Financial Advisor Suspended from Securities Industry

Murray Sinclaire – Murray Sinclaire Jr., Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Murray Sinclaire Jr. CRD #1365335

Murray Sinclaire Jr. has been licensed with Ross, Sinclaire & Associates LLC since 1989. According to Murray Sinclaire’s CRD, Murray Sinclaire was suspended from the securities industry for 6 months and fined $35,000 in October 2017.

According to FINRA: Murray Sinclaire consented to the sanctions and to the entry of findings that he failed to ensure that his member firm’s personnel disclosed all material facts in documents used to sell an offering in which the firm was the sole underwriter and also failed to ensure compliance with Municipal Securities Rulemaking Board (MSRB) rules and the firm’s written supervisory procedures (WSPs), which required such disclosures. The findings stated that Sinclaire is the owner of the firm, and was the President, Managing Member and CEO of the firm. As such, the firm’s WSPs made clear that Sinclaire had ultimate responsibility to ensure that the firm was at all times complying with the rules of the MSRB and acting in accordance with its WSPs. Among other things, the WSPs delegated to Sinclaire the responsibility of ensuring that the firm disclosed to customers all material facts concerning securities transactions, including a complete description of the securities, consistent with MSRB Rule G-17. Murray Sinclaire was also the direct supervisor of firm personnel responsible for the due diligence and sales regarding municipal or private offerings sold or underwritten by the firm. Thus, Murray Sinclaire had ultimate supervisory responsibility for ensuring that all material facts were properly disclosed to the firm’s customers in connection with such offerings. The findings also stated that Sinclaire delegated responsibility for the review of the private placement memorandum to others at the firm, but had direct, personal and particular knowledge of his own conflicts of interest, which he should have ensured was disclosed in the private placement memorandum. Murray Sinclaire was negligent in his failure to do so.

If you lost money on investments with Murray Sinclaire 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 Murray Sinclaire’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 Murray Sinclaire 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. 

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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