MICHAEL PATRICK MURPHY is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 555 MAIN STREET, SUITE 100, CHICO, CA, 95928.
MICHAEL PATRICK MURPHY has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
MICHAEL PATRICK MURPHY has 3 Disclosure Event(s).
Date: February 27, 2003 Category: Customer Dispute Allegations: CLAIMANT VIA A REQUEST FOR MEDIATION ALLEGES THAT FINANCIAL ADVISOR MICHAEL MURPHY PURCHASED SPECULATIVE STOCKS AND FAILED TO PROPERLY PROTECT THE DOWNSIDE RISK OF THIS INVESTMENTS. TIME PERIOD 2001-PRESENT. DAMAGES UNSPECIFIED.
Date: January 21, 2003 Category: Customer Dispute Allegations: CLAIMANT ALLEGES UNSUITABILITY, BREACH OF FIDUCIARY DUTY, FRAUD IN CONNECTION WITH HEDGE FUNDS PURCHASED IN HER UBS PW ACCOUNT. Damage Amount Requested: $450,000.00 Settlement Amount: $49,000.00 Broker Comment: MY FIRM ELECTED TO SETTLE THIS CASE IN ORDER TO AVOID THE COST AND RISK OF LITIGATION. I WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT. FURTHER, I DENY ANY WRONG DOING IN RESPECT TO THE HANDLING OF THE ACCOUNT
Date: June 13, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES, THROUGH COUNSEL, THAT FA ENGAGED IN UNAUTHORIZED AND UNSUITABLE TRADING IN THE ACCOUNT. TIME PERIOD: 10/97-10/01 Damage Amount Requested: $185,000.00 Broker Comment: I DENY THESE ALLEGATIONS IN ITS ENTIRETY. THEY ARE BASELESS & UNTRUE. UBS PAINEWEBBER DENIED THE ALLEGATIONS ON 7/15/02 BASED ON ITS FINDING THAT CLIENT AUTHORIZED ALL TRADES IN THE ACCOUNT. ADDITIONALLY, THE FIRM'S REVIEW REVEALED THAT CLIENT'S INVESTMENTS WERE CONSISTENT WITH HIS STATED OBJECTIVE AND RISK PROFILE, AND THAT THE MAJORITY OF THE TRADES IN THE ACCOUNT WERE UNSOLICITED".
More Information
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