Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that former Massachusetts-based Investors Capital broker Shaun Murphy is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Murphy (CRD# 2158418).

Shaun Murphy has spent 23 years in the securities industry and was most recently registered with Investors Capital in Lexington, Massachusetts (2005-2016). Previous registrations include CCO Investment Services in Dedham, Massachusetts; FIS Securities in Boston, Massachusetts; 440 Financial Distributors in Berwyn, Pennsylvania; and South Richmond Securities, which has since been expelled by FINRA. He is currently not registered with any state or firm.

According to his BrokerCheck report, Shaun Murphy has received three customer complaints and one regulatory sanction.

In 2006, the State of Massachusetts sanctioned Shaun Murphy following allegations he failed to follow firm procedures and National Association of Securities Dealers conduct rules related to the acceptance and disclosure of entertainment expense reimbursements in excess of industry guidelines. His registration in Massachusetts was terminated.

In 2005, a customer alleged Shaun Murphy, while employed at CCO Investment Services, advised him to invest in a product that was not federally insured. The complaint settled in 2006 for $7,650.

In 2005, a customer alleged Shaun Murphy, while employed at CCO Investment Services, recommended unsuitable products. The complaint settled for $23,241.

In 2005, Shaun Murphy was discharged from CCO Investment Services following allegations he failed to follow firm procedures and NASD rules related to the acceptance and disclosure of entertainment expense reimbursements in excess of industry guidelines.

In 2003, a customer alleged Shaun Murphy, while employed at Citizens Investment Services Corporation, recommended an unsuitable variable annuity investment. The complaint settled for $9,000.

If you have complaints regarding Shaun Murphy, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.