Last Updated: January 2024 (Portland, OR)
Andrew Murdoch Investigation Summary
Here’s what you need to know about Portland, OR, stockbroker Andrew Murdoch:
- Name: Mr. Andrew Templeton Murdoch
- Current Employer: Somerset Securities
- DBA: Somerset Wealth Strategies
- Previous Firms: Somerset Wealth Management (RIA)
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Andrew Murdoch
- Primary Location: Portland, OR
- CRD 4348536
- Can Andrew Murdoch be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $168,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Andrew Murdoch As Your Stockbroker?
A customer of Somerset Securities filed a FINRA arbitration in 12/2023 alleging that Andrew Murdoch made an unsuitable recommendation to invest in iCap Equity private placement which filed for bankruptcy in 9/2023 resulting in damages of $168,000. This matter is currently pending.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Andrew Murdoch
A customer of Andrew Murdoch has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in iCap Equity private placement
See this for more information on REITs and Other Alternative Investments
iCap Enterprises Inc., who raised $245 million from investors by selling through independent broker-dealers like Somerset Securities, filed for bankruptcy in September 2023, forcing investors in the high risk product to sue the firms that sold the product. About 1,8000 investors bought iCap securities.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Andrew Murdoch, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
