Former SCF Securities, Inc. Broker Murray Petersen Investment Loss Options

SCF Investment Advisors

Were you the victim of former SCF Securities, Inc. broker Murray Petersen (CRD# 1311730)? Petersen has been registered with Ameriprise Financial Services, LLC in Roseville, California from 2019 to 2020 and with SCF Securities, Inc. in Roseville, California from 2015 to 2019, when he was terminated regarding, “Advisor misstated and/or omitted material facts and circumstances regarding an outside business activity.”

Petersen has been the subject of 11 customer complaints between 2000 and 2020, two of which were denied and one was closed without action, according to his CRD report. The most recent complaints are regarding:

  • November 2020. “Claimant alleges fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity.” The customer sought $275,000 in damages and the case was settled for $77,500. The complaint took place while Petersen was registered with SCF Securities, Inc.
  • June 2020. “Claimants alleges fraud and breach of duty related to the purchase of diamonds Petersen sold them via an outside business activity.” The customer sought $960,000 in damages and the case was settled for $351,205. The complaint took place while Petersen was registered with SCF Securities, Inc.
  • June 2020. “Claimant alleges fraud and breach of duty related to the purchase of diamonds Petersen sold them via an outside business activity.” The customer sought $20,000 in damages and the case was settled for $9,800. The complaint took place while Petersen was registered with SCF Securities, Inc.
  • March 2020. “Claimant alleges fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity.” The customer sought $55,000 in damages and the case was settled for $45,000. The complaint took place while Petersen was registered with SCF Securities, Inc.
  • March 2020. “Claimant alleges fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity.” The customer sought $94,500 in damages and the case was settled for $46,305. The complaint took place while Petersen was registered with SCF Securities, Inc.
  • March 2020. “Please see complainant statement of claim filed as part of Arbitration Number 20-00553. Complainant was never a customer of SCF Securities, Inc.” The customer sought $100,000 in damages and the case was settled for $49,000. The complaint took place while Petersen was registered with SCF Securities, Inc.
  • March 2020. “Claimant alleges fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity.” The customer sought $108,000 in damages and the case was settled for $52,920. The complaint took place while Petersen was registered with SCF Securities, Inc.

February 2020. “Not available at this time, to be provided when allegation information is provided.” The case is currently pending.

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, SCF Securities, Inc. may be liable for investment or other losses suffered by Petersen’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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.