There are options for clients of Somerset Securities, Inc. broker Andrew Murdoch (CRD# 4348536), who suffered losses in iCap Equity, LLC. He has been registered with Somerset Securities, Inc. in Portland, Oregon, since 2019.
Andrew Murdoch Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
December 2023. “Alleged unsuitable recommendation to purchase iCap Equities private placement. iCap Equities filed for bankruptcy on 9/12/2023.” The customer is seeking $168,000 in damages, and the case is currently pending.
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, Somerset Securities, Inc. may be liable for investment or other losses suffered by Andrew Murdoch’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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