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

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 Eccleston Law 

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.

 

Eccleston Law 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 am so glad I found you! Wow! I appreciate your help, concern and guidance.

RB

LATEST NEWS AND ARTICLES

1780676353 Law
June 5, 2026
Redemption Pressure Mounts Across Private Credit and Non-Traded BDC Market

Investors continued pulling money from private credit and nontraded business development companies ("BDCs") during the first quarter of 2026 as concerns about liquidity and portfolio valuations intensified across the sector, according to reporting by InvestmentNews.

1780588152 Law
June 4, 2026
Former Wells Advisor Alleges Age Discrimination

A former Wells Fargo senior private client financial advisor in Wisconsin has filed a federal lawsuit alleging the firm terminated him because of his age rather than an alleged workplace profanity incident.

1780507151 Law
June 3, 2026
Starwood REIT Suspends Most Redemptions Amid Liquidity Pressure

Starwood Real Estate Income Trust (SREIT) has announced a temporary suspension of its share repurchase program for most investors.