FINRA suspends Christine Alexandria Murphy (CRD #1510853, Delray Beach, Florida)
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As reported in InvestmentNews, three Raymond James entities have agreed to pay over $15 million to resolve an investigation by the SEC. The settlement and SEC order focused on Raymond James’s actions in improperly charging certain clients advisory fees when the...read more
March 5, 2018 – A Letter of Acceptance, Waiver and Consent (AWC) was issued in which Murphy was fined $5,000, suspended from association with any FINRA member in all capacities for one month and required to attend and satisfactory complete 10 hours of continuing education. Without admitting or denying the findings, Murphy consented to the sanctions and to the entry of findings that without authorization from her member firm, she gained access to its Central Registration Depository (CRD) account using her own user identification and amended its Form U5 filing regarding her termination from the firm. The findings stated that the firm had denied Murphy’s request that it amend the language in its filing. Among other things, Murphy changed the reason for her termination from “permitted to resign” to “voluntary” and changed the termination explanation. Although the new termination explanation entered by Murphy was not false, the firm had not approved it or otherwise authorized her to access the firm’s CRD account. The suspension was in effect from April 2, 2018, through May 1, 2018. (FINRA Case #2017055369201). If you or someone you know has lost money investing with Christine Murphy, call the experienced attorneys at Epperson & Greenidge at 877-445-9261 for a free consultation. You may be eligible to recoup your losses. Epperson & Greenidge accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-445-9261 now to speak to an attorney for free.