MURRAY M SHAPERO, Miami Broker, Suspended

Soreide Law Group, based in South Florida, obtained the following information on FINRA’s website from January 2020 Disciplinary Report.
MURRY MEIR SHAPERO (Also known as:  MOSHE SHAPERO, MURRAY M SHAPERO) CRD#: 1846138 Miami, Florida, currently registered with MAXIM GROUP, LLC.
was issued an AWC in which MURRAY M SHAPERO was suspended from association with any FINRA member in all capacities for one month from December 16, 2019 to January 15, 2020.  FINRA did not impose a fine after considering, among other things, that Shapero’s member firm fined him $20,000 in connection with the alleged conduct described in the AWC.
Without admitting or denying the findings, MURRAY M SHAPERO consented to the sanction and to the entry of findings that he allegedly exercised discretion in clients' accounts without the clients' prior written authorization, when he effected trades in client accounts and his member firm did not accept in writing any of these accounts as discretionary. According to FINRA’s findings, these transactions were part of an options strategy Shapero employed.  FINRA Case #2018056487801
According to the FINRA's AWC (Acceptance, Waiver and Consent), from April 1, 2017 to June 30, 2017, while associated with the MAXIM GROUP, MURRAY M SHAPERO allegedly exercised discretion in clients' accounts without the clients' prior written authorization, when he effected 1,001 trades in 75 client accounts. Allegedly, MAXIM GROUP did not accept in writing any of these accounts as discretionary. Based on the foregoing, Shapero allegedly violated NASD Rule 2510(b) and FINRA Rule 2010.
According to FINRA’s BrokerCheck, MURRAY M SHAPERO has 2 Disclosures on his CRD report.  Shapero has been registered in the securities industry for 31 years and has been listed with 7 firms.  He is currently listed with the following firm since June 4, 2004:
MAXIM GROUP LLC
20801 Biscayne Blvd. - Suite 447
Miami, FL 33180
If you’ve experienced losses due to the actions or recommendations of MURRAY M SHAPERO, currently with MAXIM GROUP LLC in Miami, Florida, contact Soreide Law Group, based in South Florida, and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis—no fee if no recovery.