Published On: January 17, 2017

Did you lose money with Brian Murphy and his firm, Murphy Financial Advisors? If so, please call our Chicago-based law firm at 312-332-4200 to speak to an attorney about your options of recovering your losses. Mr. Murphy was arrested after being accused of stealing nearly $900,000 from a client. Allegedly, the client gave money to Murphy in March 2011 to be invested in mutual funds, but, instead, Murphy spent the money on personal expenses, private school tuition, a car dealer and an attorney. He then allegedly tried to get the client to sign a document stating that the money was given to him as a loan. This is against securities laws.

According to his online FINRA BrokerCheck report, Mr. Murphy was registered with Metropolitan Life Insurance Company in Mount Laurel, New Jersey from December 2006 until July 2007, AXA Advisors in Marlton, New Jersey from January 2008 until February 2008, MetLife Securities in Moorestown, New Jersey from December 2006 until December 2014 and Signator Investors in Yardley, Pennsylvania from July 2015 until July 2016. He has two customer disputes against him, one of which is currently pending.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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