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Ajay Murthy is Facing a $2 Million Investor Dispute

Ajay Murthy (CRD #: 2316551), a previously registered broker with Wells Fargo Clearing Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on August 22, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On June 18, 2024, an investor alleged that Ajay Murthy misappropriated funds from the investor’s account for their own personal gains. The investor is seeking $2,228,442.18. 

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misappropriation violates this rule. 

Background Information 

Ajay Murthy has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 3 National Commodity Futures Examination 
  • Series 7 General Securities Representative Examination 

He has registered with the following firms: 

  • Wells Fargo Clearing Services (CRD #: 19616) 
  • Morgan Stanley (CRD #: 149777) 
  • CitiGroup Global Markets (CRD #: 7059) 
  • UBS Financial Services (CRD #: 8174) 

Kurta Law Can Help 

If you worked with Ajay Murthy and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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