Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

SEC Charges Investment Advisor Justin Murphy for $3.4 Million Investor Funds Misappropriation

Posted on January 25th, 2024 at 10:37 AM
SEC Charges Investment Advisor Justin Murphy for $3.4 Million Investor Funds Misappropriation

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï 

The Securities and Exchange Commission (SEC) has charged Justin Murphy and his investment management firm, Mara Investments, LLC, for fraudulent misappropriation of approximately $3.4 million of investor assets.

Murphy, a former resident of Greenwich, Connecticut, allegedly induced multiple individuals to invest around $6.6 million in a private investment fund, Mara Investment Management LP, controlled by Mara Investments. According to the SEC, despite representing conservative stock trading and consistent profits, Murphy diverted most of the investors' funds for unauthorized business, personal expenses, and to finance a relative's company.

The SEC contends that Murphy concealed the fraud when the depleted assets failed to generate profits by providing investors with falsified account statements and inaccurate tax documents. The complaint charges Murphy and Mara Investments with violating various securities laws and seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties. In a parallel action, the U.S. Attorney's Office for the District of Connecticut has brought criminal charges against Murphy.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, sec

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I just wanted to say thanks again for preparing and executing my case in such a professional manner. It was a pleasure to watch two professionals take such pride in their work, as well as becoming personally in tune with your client (Me). I would personally recommend you and your firm to anyone.

John O.

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.