Sonn Law Broker Murry Shapero

Murry Shapero was also fined $20,000 by his employer based on the same allegations.

The Sonn Law Group is investigating allegations that Murry Shapero committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Sonn Law Broker Murry ShaperoMurry Shapero (CRD#: 1846138)  consented to the sanctions and to the entry of findings stating that he exercised discretion in customers’ accounts without the customers’ prior written authorization when he affected trades in customer accounts and his member firm did not accept in writing any of these accounts as discretionary.

The findings stated that these transactions were part of an options strategy Shapero employed.

Specifically, FINRA’s findings alleged that Shapero effected 1,001 unauthorized trades in 75 different customers’ accounts. Based on this conduct, Shapero accepted sanctions in the form of suspension from association with any FINRA member firm for a period of one month. FINRA determined not to impose a fine because Shapero was fined $20,000 for the same conduct by his firm.

Shapero was the subject of a customer dispute in April 1995 where the client alleged that he misrepresented information, omitted facts, and committed negligence. The matter was settled for $17,500. 

Contact Us Today

The Sonn Law Group is currently investigating allegations of misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

Sonn Law Group is investigating claims regarding Joel Eziekel Blum (CRD #4905379, Goshen, New York). Blum recently submitted an AWC in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 20 days. See FINRA Case #2014040186601. Blum was associated with Merrill Lynch from May 2008 until his termination in February 2014. Blum has been associated with Ameriprise Financial Services, Inc., since February 2014. The Form U-5 filed by Merrill Lynch to terminate Blum's registration states that he was discharged for "conduct including failure to contact clients in advance of entering orders in non-discretionary accounts and mismarking order tickets as unsolicited." FINRA found that Blum executed discretionary transactions in customer accounts without written authorization to do so. In addition, Blum mismarked order tickets in connection with these transactions, inaccurately indicating that the trades were unsolicited, according to FINRA. In entering into the AWC, Blum neither admitted or denied FINRA's findings. Pursuant to FINRA Rules, member firms are responsible for supervising a broker's activities during the time the broker is registered with the firm. Therefore, Ameriprise or Merrill Lynch may be liable for investment or other losses suffered by Blum's customers. If you were a client of Ameriprise, Merrill Lynch, or Blum, and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our "contact form."
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