Former Well Fargo New Jersey Broker, Edward T Murphy, Barred by FINRA

EDWARD THOMAS MURPHY CRD#: 3041818 was barred by FINRA from acting as a broker or otherwise associating with firms that sell securities to the public. Murphy failed to respond to FINRA’s request for information.
According to FINRA’s BrokerCheck, Edward T Murphy has multiple Customer Disputes with alleged client complaints between 2008–2013, including, but not limited to:  negligence, breach of fiduciary duty, breach of contract, fraud, unauthorized trading, and failing to follow firm policies regarding trading. Murphy was terminated by Wells Fargo. There were also allegations of purchasing high-risk inversed and leveraged ETF’s.  These are not appropriate for a conservative or moderate investor.
Soreide Law Group has filed multiple claims against Murphy.  One FINRA arbitration that was filed on behalf of our client was for the sale of the VXX. These multiple claims filed against Edward T Murphy contributed to FINRA investigating his alleged misconduct. Along with VXX, some of the other investments which created devastating losses for some of his clients were:  VIS, Rediff.com India LTD, Synovus Financial Corp, and Brocade Communications.
According to FINRA’s BrokerCheck, Edward T Murphy was in the securities industry for 13 years and was listed with two firms, the most recent below:
04/19/2004 - 08/07/2012  Wells Fargo Advisors Financial Network, LLC - BASKING RIDGE, NJ
If you experienced losses due to the actions or recommendations of Edward T Murphy, formerly of Wells Fargo, call Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationwide before FINRA and we operate on a contingency fee basis.