David A Noyes Blamed For Bad Investments

Edward George Murphy of Chicago Illinois a stockbroker currently registered with David A. Noyes Company is referenced in a customer initiated investment related written complaint on October 11, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that unsuitable unit investment trust trades were placed in the customer’s account.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Murphy is referenced in three more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with firms including Hamilton Investments and David A. Noyes & Company.

Specifically, a customer initiated investment related complaint regarding Murphy’s activities was resolved for $17,549.68 in damages founded on accusations that misrepresentations had been made to the customer concerning collateralized mortgage obligations bonds. The customer apparently was not made aware that prices on the bonds could decline as much as thirty percent in a year and that the bonds were extendable.

Then, a customer initiated investment related arbitration claim concerning Murphy’s conduct was settled for $45,226.00 in damages supported by allegations of suitability pertaining to the customer’s investments. National Association of Securities Dealers (NASD) Arbitration No. 94-05209.

Subsequently, a customer initiated investment related arbitration claim regarding Murphy’s activities was resolved for $40,000.00 in damages based upon accusations of unwarranted losses on the customer’s unit investment trust investment holdings. FINRA Arbitration No. 11-04193 (Sept. 24, 2012).

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