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John Murray is the Subject of a Six-Figure Investor Dispute

John Murray (CRD #: 2441276), a broker registered with Grove Point Investments, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 16, 2024. Details concerning this dispute are provided below. 

Investor Allegations

On July 1, 2024, an investor alleged that the lack of a defined benefit plan in the SEP IRA opened by John Murray caused her to lose $200,000 in taxes and loss of savings. Additionally, the money market sweep fund in the broker account had a lower yield than other money market mutual funds. 

The investor is seeking $200,000. 

Background Information 

John Murray has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 
  • Series 24 General Securities Representative Examination 

He is a registered broker in 17 states and is a registered investment adviser in Pennsylvania. 

During his 30 years of experience, John Murray has registered with four firms: 

  • Grove Point Investments (CRD #: 1763) 
  • Grove Point Advisors (CRD #: 313171) 
  • Veravest Investment Advisors (CRD #: 105796) 
  • Veravest Investments (CRD #: 3960) 

Kurta Law Can Help 

If you worked with John Murray and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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