DID PAUL WILLIAM MURANS CAUSE YOU INVESTMENT LOSSES?
Paul Murans Of Thurston Springer Financial Has 6 Customer Complaints For Alleged Broker Misconduct
About Paul Murans of Thurston Springer Financial?
Paul Murans (CRD #3266607) has been a part of the securities industry for several decades but his career is overshadowed by numerous customer disputes and employment issues. Currently employed with Thurston Springer Financial and Thurston Springer Advisors in Indianapolis, IN, Murans has a registration history with multiple firms including UBS Financial Services and Merrill Lynch. His qualifications include passing 3 general industry/product exams and 2 multi-state securities law exams, and he is registered in 23 U.S. states and territories. Despite these qualifications, his professional track record is marred by disputes and terminations that question his adherence to industry standards and regulations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Paul Murans Customer Complaints and Reviews
- Customer Dispute (Resolved)
- Date: November 17, 2022
- Allegations: Misrepresentation of life settlement insurance products, resulting in financial loss.
- Settlement Amount: $90,000
- Individual Contribution: $0.00
- Outcome: Settled with no personal contribution, suggesting a potentially problematic but not legally culpable action on Murans’ part.
- Customer Dispute (Resolved)
- Date: November 2, 2017
- Allegations: Misrepresentation and unsuitability of life settlements and unauthorized trading of structured products.
- Settlement Amount: $250,000
- Outcome: Settled, highlighting a pattern of alleged mismanagement and misconduct.
- Customer Dispute (Pending)
- Date: March 15, 2024
- Allegations: Unsuitable recommendation of a Senior Life Settlement Portfolio not approved by UBS.
- Alleged Damages: $500,000+
- Current Status: Pending, further complicating Murans’ professional integrity.
Allegations Against Paul Murans
- Misrepresentation: Multiple claims against Murans involve allegations of misrepresenting the safety and suitability of financial products, particularly life settlement insurance.
- Unauthorized Trading: Accused of executing trades without client authorization, a serious breach of regulatory requirements and client trust.
- Facilitating Unapproved Investments: Discharged from UBS for facilitating investments in products not listed on the firm’s platform, demonstrating a disregard for firm policies and industry regulations.
- Unsuitable Investment Recommendations: Repeated accusations of recommending unsuitable investment products, questioning his ability to align investment strategies with client needs and risk profiles.
Paul Murans Red Flags & Your Rights As An Investor
Of course, Paul Murans 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 Paul Murans at Thurston Springer Financial on alert to review carefully the activity and performance of their accounts and question whether Paul Murans has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Thurston Springer Financial 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 Thurston Springer Financial Due To Paul Murans
If you have questions about Thurston Springer Financial and/or Paul Murans 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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