Kevin Patrick Murphy and TGP Securities—Selling Private Placements without Firm’s Knowledge

Rochester stockbroker fraud attorneyKevin Patrick Murphy and Allegedly Sold $1.2 Million of Shares and Warrants in a Private Placement without the Acknowledgement of TGP Securities

Have you lost your investment dollars with financial advisor Kevin Murphy of Summit, New Jersey? Kevin Patrick Murphy allegedly sold $1.2 million of shares and warrants in a private placement to four individuals and one limited partnership without the prior knowledge of TGP Securities, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Murphy allegedly made he made the initial $1.2 million investment with TGP Securities’ permission, but the purchased the shares without permission, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Kevin Patrick Murphy’s alleged sale of private placements without the permission of TGP Securities.

Kevin Patrick Murphy Suspended and Fined $10,000 by FINRA

Kevin Patrick Murphy has been fined $10,000 and suspended by FINRA for allegedly selling $1.2 million of shares and warrants in a private placement to four individuals, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Kevin Patrick Murphy was a financial advisor and registered representative of TGP Securities from July 2012 to January 2014, and worked at a branch office in Summit, New Jersey.

One should also note that, according to the AWC, Kevin Patrick Murphy neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to provide proper written notice to their broker-dealer. They are currently investigating Kevin Patrick Murphy’s alleged failure to provide proper written notice to their broker-dealer. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Kevin Patrick Murphy’s alleged failure to provide proper written notice to their broker-dealer may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.