David Mura, formerly associated with J.P. Turner & Co. and Aegis Capital violated federal laws designed to protect investors when he solicited investments in unregistered securities to unaccredited investors, according to a cease and desist order issued by the Securities and Exchange Commission (“SEC”). Mura violated the federal securities laws while serving as the branch manager of the J.P. Turner branch office located at 17 Schoen Place, Pittsford, New York.
Mura raised approximately $1,000,000 for the private limited liability companies he was operating out of his J.P. Turner office. Mura solicited these securities through a number of material omissions and misrepresentations.
The attorneys at Peiffer, Rosca also have reason to believe that Mura offered inappropriate advice to his brokerage firm clients. Such advice included recommending investments in numerous “penny stocks,” over concentrating accounts in equities, margin abuses and churning. This conduct occurred while he was at J.P. Turner and Aegis. A number of his victims lost hundreds of thousands of dollars.
The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.