According to public disclosure reports, stockbroker Patrick R. Murray was terminated by UBS Financial Services, Inc. on September 16, 2021, for outside business activity, including making investment recommendations and receiving commissions.
Mr. Murray, a Senior Vice President at UBS, led a team of advisors known as the North Coast Wealth Management Group. According to media reports, the group had roughly $800 million in assets under management several years ago.
Iorio Altamirano LLP is investigating potential legal claims on behalf of customers of UBS related to investment recommendations made by Mr. Murray or his team, the North Coast Wealth Management Group.
Customers who have suffered investment losses or suspect other misconduct by Mr. Murray or UBS in their investment, brokerage, or retirement accounts, should contact securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation and to review their legal rights.
Patrick Reid Murray (CRD No. 2007449)
Patrick Reid Murray is a previously registered broker with 31 years of experience in the securities industry. Mr. Murray was registered with UBS Financial Services, Inc. in Sandusky, Ohio, from April 2009 to October 2021. Before joining UBS, Mr. Murray was registered at the following brokerage firms:
- Citigroup Global Markets Inc. in Sandusky, Ohio, from July 2000 – April 2009.
- McDonald Investments, Inc. in Cleveland, Ohio, from September 191 to May 2001.
- Tucker Anthony Incorporated in Boston, Massachusetts, from January 1990 to September 1991.
According to his public disclosure report with FINRA, Mr. Murray has been the subject of at least five customer complaints, two of which ended with a monetary settlement to the customer. Most recently, a customer filed a securities arbitration complaint alleging that Mr. Murray made an unsuitable investment recommendation related to a closed-end fund. The customer alleged $107,000 in damages. Citigroup Global Markets Inc. settled the matter for $52,000. Earlier in his career, in 2001, a customer alleged that Mr. Murray engaged in excessive trading, churning, and made unsuitable investment recommendations. The customer alleged nearly $75,000 in damages. The dispute was settled by McDonald Investments, Inc. for $15,000.
At UBS, Mr. Murray, a Senior Vice President, led a four-member team, the North Coast Wealth Management Group. According to UBS’s website, the team consists of Duane Ohly, Brett Kinzel, and Rebecca Canterbury.
How to Recover Losses or Obtain a Free Consultation
When an investor suffers investment losses due to misconduct by a financial advisor or broker-dealer, the investor can file a securities arbitration claim against their financial advisor and/or broker-dealer in an effort to be compensated.
Iorio Altamirano LLP is a securities arbitration law firm located in New York, NY. We represent investors nationwide and vigorously pursue FINRA arbitration claims on behalf of investors to recover investment losses.
If you have lost money with Patrick R. Murray, North Coast Wealth Management Group, or UBS, contact FINRA arbitration lawyers August Iorio and Jorge Altamirano of Iorio Altamirano LLP at email@example.com, firstname.lastname@example.org or toll-free at (855) 430-4010 for a free and confidential evaluation of your account.
Iorio Altamirano LLP is a bilingual law firm, fluent in both English and Spanish.