There are options for customers who lost investing in stocks with former Truist Investment Services, Inc. broker Ryan Murphy (CRD# 4332032). He was registered with Truist Investment Services, Inc. in Savannah, Georgia, from 2006 to 2024, when he was terminated regarding, “Mr. Murphy provided inaccurate consolidated statement to a client using unapproved, an off channel device. In addition he attempted to personally cover past due safe deposit box fees for a client.”
In August 2024, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to provide documents and information and to appear for on-the-record testimony requested by FINRA in connection to its investigation of comments made on a Form U5 filing by his member firm.” FINRA found that he was discharged for “code of conduct violations involving the creation of inaccurate consolidated statements, improper use of off channel communications, and attempting to personally pay past due fees for a client’s safe deposit box.”
Ryan Murphy Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
January 2025. “Client alleges the representative falsified documents, overstated values and misappropriated funds from 2009 to 2024. The complaint was regarding common and preferred stocks and variable annuities, and it took place while he was registered with Truist Investment Services, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Truist Investment Services, Inc. may be liable for investment or other losses suffered by Ryan Murphy’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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