DID JOHN ROBERT MURRAY CAUSE YOU INVESTMENT LOSSES?
About John Murray of Grove Point Investments, LLC?
John Murray (CRD #2441276) is a seasoned financial professional with extensive experience in the securities industry. He is currently registered with Grove Point Advisors, LLC as an investment advisor since April 1, 2021, and Grove Point Investments, LLC as a registered broker since March 3, 2003. Throughout his career, Murray has been registered with three firms, including H. Beck, Inc., Veravest Investment Advisors, Inc., and Veravest Investments, Inc. He has passed six industry exams, including the General Securities Principal Examination (Series 24), Securities Industry Essentials Examination (SIE), General Securities Representative Examination (Series 7), and two multi-state securities law exams (Series 63 and 65). Murray holds licenses in 17 U.S. states and territories, reflecting his broad geographical reach and capability to serve a diverse clientele.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Murray Customer Complaints and Reviews
John Robert Murray has one disclosure event reported in his BrokerCheck record:
- Customer Dispute (Pending)
- Incident: A customer dispute filed on July 1, 2024, alleges that Murray failed to provide a defined benefit plan in a SEP IRA, resulting in a loss of over $200,000 due to taxes and lost savings. The dispute also claims that the money market sweep fund in the customer’s brokerage account had a lower yield compared to other available money market mutual funds.
- Status: The dispute is currently pending with the alleged damages exceeding $200,000. There is no record of a settlement at this time.
Allegations Against John Murray
- Customer Dispute Allegation (2024): The client alleges that the absence of a defined benefit plan in the SEP IRA resulted in a significant tax burden and loss of savings amounting to over $200,000. Additionally, the client claims that the money market sweep fund provided a lower yield than alternative funds. This matter is currently unresolved and remains pending.
John Murray Red Flags & Your Rights As An Investor
Of course, John Murray did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of John Murray at Grove Point Investments, LLC on alert to review carefully the activity and performance of their accounts and question whether John Murray has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Grove Point Investments, LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Grove Point Investments, LLC Due To John Murray
If you have questions about Grove Point Investments, LLC and/or John Murray and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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