Close Menu
Free Consultation: 888-976-6111

Michael Murray: SEC Investigates NYC Laidlaw Advisor

New York City financial advisor Michael Murray (CRD# 5034449) is under investigation by the Securities and Exchange Commission in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he is a broker with Laidlaw & Company.

Mr. Murray’s BrokerCheck report discloses the SEC investigation against him. Initiated in December 2022, the investigation constitutes a “proposed action alleging violations of Rule 15l-1(a)(1) of the Securities and Exchange Act of 1934.” The action remains pending.

For reference, Rule 15l-1(a)(1) of the Securities and Exchange Act of 1934 is the SEC’s Regulation Best Interest, which requires brokers to recommend only investments and strategies that are in their clients’ best interests. Broker-dealer firms and their registered representatives must “act in the best interest of the retail customer at the time the recommendation is made, without placing the financial or other interest of the broker, dealer, or natural person who is an associated person of a broker or dealer making the recommendation ahead of the interest of the retail customer,” according to the regulation. Brokers who fail to recommend investments or strategies in their clients’ best interests may be found to have violated this rule.

According to the Financial Industry Regulatory Authority, Michael Murray holds 17 years of securities industry experience. Based in New York, New York, he has been a broker with Laidlaw & Company since 2010. His registration history includes Aegis Capital Corporation (New York, New York; 2008-2010) and Casimir Capital (New York, New York; 2005-2008). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Investment Banking Registered Representative Examination, or Series 79TO; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 50 state licenses. (Information current as of February 13, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Jaime Rios: Regulators Censure, Finr Money Concepts Advisor

    Corpus Christi financial advisor Jaime Rios (CRD# 1747126) was recently sanctioned by securities regulators in connection with alleged rule violations....

    Read More
  • Franz Koch: Unauthorized Trading Complaint Against Wells Fargo Advisor

    Boca Raton financial advisor Franz Koch (CRD# 4467954) allegedly made unauthorized transactions, according to a recent investor complaint. Financial Industry...

    Read More
  • Brian Shevland: FINRA Suspends Bluestone Capital Advisor

    Wayne, Pennsylvania financial advisor Brian Shevland (CRD# 4570496) was recently sanctioned and suspended in connection with alleged misrepresentations. Financial Industry...

    Read More
  • Jorge Menendez: $800K Complaint Against Citi Advisor

    Miami financial advisor Jorge Menendez (CRD# 5138358) recently received an investor complaint alleging that his conduct resulted in six-figure damages....

    Read More
  • Previous
  • Next