Investor Options for Suing Kevin Patrick Murphy and TGP Securities for Money Losses

According to a Financial Industry Regulatory Authority (FINRA) Letter of Acceptance, Waiver and Consent (AWC) against Kevin Patrick Murphy, he is accused of selling $1.2 million shares and warrants in a private placement to four individuals and one limited partnership. A private securities transaction is any transaction outside the course or scope of an associated person’s employment with a member firm and it is against securities rules and regulations. According to his AWC, Murphy made a $1.2 million investment in a private placement for which his firm, TGP, was providing brokerage services. In return for his investment, Murphy received two stock certificates and two warrants. He then resold the shares and the warrants to four individuals and one limited partnership for $1.2 million. For this, he was suspended from the industry for 12 months and was fined $10,000.

Murphy was registered with Fundamental Brokers Inc., Cantor Fitzgerald Securities Corp, Lazard Freres & Co., Schroder Wertheim & Co., Nomura Securities International , Natwest Securities Corp, Natwest Finance Inc., Gleacher & Co.., Northeast Securities Inc., Creation Capital LLC and TGP Securities in Summit, New Jersey from July 2012 until January 2014. He is not licensed within the industry. If you invested money with Murphy, you may be able to recover it by calling our securities law firm in Chicago and speaking with an attorney for free. You may be able to sue his former firm, TGP Securities for his misconduct. Please call us as soon as possible to find out how.

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