Ryan T. Murphy

Ryan T. Murphy, a former General Securities Representative, submitted a Letter of Acceptance, Waiver, and Consent (AWC) to FINRA to settle allegations of rule violations. Murphy was associated with Truist Investment Services, Inc. from 2006 until May 2024, when he was discharged for violations including the creation of inaccurate consolidated statements, improper use of off-channel communications, and attempting to personally pay overdue fees for a client’s safe deposit box. Following his termination, FINRA initiated an investigation and requested documents, information, and on-the-record testimony from Murphy. Murphy refused to comply with these requests, thereby violating FINRA Rules 8210 and 2010. As part of the AWC, Murphy consented to a bar from associating with any FINRA member in all capacities, effectively ending his ability to work within the securities industry under FINRA’s jurisdiction. By agreeing to the AWC, Murphy waived his rights to a formal complaint, hearing, or appeal process. He also agreed that this AWC would become part of his permanent disciplinary record and that he would not publicly deny the findings or create the impression that the AWC lacked factual basis.