JOHN P MURPHY is currently employed as a Broker and/or Investment Adviser at ALLSTATE FINANCIAL SERVICES, LLC located at 954 E MAIN ST, TORRINGTON, CT, 06790.
JOHN P MURPHY has worked at ALLSTATE FINANCIAL SERVICES, LLC since July 06, 2012
Date: December 05, 2014 Category: Financial Type: Bankruptcy Disposition: Discharged
Date: February 20, 1992 Category: Regulatory Initiated By: ARIZONA CORPORATION COMMISSION/SECURITIESDIVISION Allegations: ON 2/20/92 THE ARIZONA CORPORATION COMMISSIONENTERED AN ORDER TO CEASE AND DESIST, ORDER OF SUSPENSION OFCERTAIN SALES ACTIVITY AND AN ORDER OF ASSESSMENT CONCERNINGFIRST INVESTORS CORPORATION, FIRST INVESTORS FUND FOR INCOMEAND FIRST INVESTORS HIGH YIELD FUND. THE TERMS OF THE ORDERINCLUDE A $140,000 ASSESSMENT AND A TWO TIERED PLAN FORRESTITUTION TO ALL ARIZONA INVESTORS WHO HAD MARKET LOSSES INTHESE TWO FUNDS. MARKET LOSSES HAVE BEEN DETERMINED TO BEAPPROXIMATELY $2.3 MILLION. DAVID GRAYSON AND GLENN HEAD, THEPRESIDENT AND CHAIRMAN OF FIC, ARE JOINTLY AND SEVERALLY LIABLEWITH FIC, FIRST INVESTORS CONSOLIDATED CORPORATION AND FIRSTINVESTORS MANAGEMENT CORPORATION FOR RESTITUTION TO ARIZONAINVESTORS. IN THE ORDER FIC ALSO CONSENTS TO A MINIMUM 30 DAYSSUSPENSION FROM THE SOLICITATION OF ALL NEW MUTUAL FUNDACCOUNTS AND SALES OF ALL HIGH YIELD INVESTMENT PRODUCTS. FICAGREED TO CONDUCT NEW TRAINING FOR ALL ARIZONA SALESPEOPLE ANDMANAGERS IN THE AREA OF COMPLIANCE WITH THE ARIZONA SECURITIESACT AND ADDITIONAL TRAINING IN THE AREA OF HIGH YIELDSECURITIES. IF YOU HAVE ANY QUESTIONS PLEASE CALL STEVE MURPHYOR MATT NEUBERT AT THE SECURITIES DIVISION (602) 542-4242. Resolution: Consent SanctionDetails: Sanctions: Cease and Desist/Injunction Sanction Details: Not Provided Broker Comment: SEE NUMBER 12(C) ABOVE
Date: September 25, 1991 Category: Regulatory Initiated By: COMMONWEALTH OF MASSACHUSETTS Allegations: FAILURE TO PROPERLY SUPERVISE CERTAIN SALESREPRESENTATIVES WHO ALLEGEDLY MADE MISREPRESENTATIONS ANDOMISSIONS IN CONNECTION WITH THE SALE OF HIGH YIELD BOND MUTUAL FUNDS AND SOLD THE FUNDS TO CERTAIN INVESTORS FOR WHOM THEY WERE NOT SUITABLE. Resolution: Consent SanctionDetails: Sanctions: Censure Sanction Details: JOHN MURPHY AGREED TO BE CENSURED. Broker Comment: SEE 12 (C)
Date: November 13, 1990 Category: Customer Dispute Allegations: THE CLASS ACTIONS ALLEGED FAILURE BY THEAPPLICANT AND OTHER RESPONDENTS ASSOCIATED WITH FIRSTINVESTORS, TO PROPERLY SUPERVISE CERTAIN SALES REPRESENTATIVESWHO ALLEGEDLY MADE MISREPRESENTATIONS AND OMISSIONS INCONNECTION WITH THE SALE OF HIGH YIELD BOND FUNDS AND SOLD SUCHFUNDS TO CERTAIN INVESTORS FOR WHOM THEY WERE NOT SUITABLE. NO SUM DEMANDED, REQUST COMPENSATORY, PUNITIVE AND TREBLE DAMAGES. Damage Amount Requested: $25,000,000.00 Settlement Amount: $24,700,000.00 Broker Comment: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS,THE APPLICANT AND OTHER RESPONDENTS ASSOCIATED WITH FIRSTINVESTORS, CONSENTED TO THE ENTRY OF THE ORDER AND FINALJUDGEMENT FOR THE ACTIONS ENCOMPASSED BY THIS CONSOLIDATEDSETTLEMENT WHICH INCLUDE BOTH SECURITIES CLASS ACTIONS ANDDERIVATIVE ACTIONS. THE CASES CONSOLIDATED ARE 90 CIV 7270, 90CIV 7645, 90 CIV 7629, 90 CIV 7908, 90 CIV 8279, 90 CIV 0972,90 CIV 7630 AND 90 CIV 7571.
Date: November 08, 1990 Category: Regulatory Initiated By: COMMONWEALTH OF MASSACHUSETTS Allegations: FAILURE TO PROPERLY SUPERVISE CERTAIN SALES REPRESENTATIVES WHO ALLEGEDLY MADE MISREPRESENTATIONS AND OMISSIONS IN CONNECTION WITH THE SALE OF HIGH YIELD BOND MUTUALFUNDS AND SOLD THE FUNDS TO CERTAIN INVESTORS FOR WHOM THEYWERE NOT SUITABLE. Resolution: Consent SanctionDetails: Sanctions: Censure Sanction Details: JOHN MURPHY AGREED TO BE CENSURED Broker Comment: SEE 12 (C)
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