Advisor Alert: Our Attorneys Are Investigating Murray Todd Petersen For Investment Fraud

Chetan Patil on March 12, 2024

Did You Lose Money Because of Murray Todd Petersen?

Filed: January 24, 2024

Murray Petersen (also known as Todd Petersen) currently has one (1) pending customer complaint and five (5) pending judgment/lien events. Overall, he has been the subject of one (1) regulatory event, one (1) termination event, one (1) financial event, sixteen (16) customer complaints, and five (5) judgment/lien events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Murray Todd Petersen.

Who Is Murray Todd Petersen?

  • Advisor Name: Murray Todd Petersen
  • Aliases: Todd Petersen, M Todd Petersen
  • CRD: 1311730
  • Location: Roseville, California
  • Current Employer: No Longer Allowed to Practice in the Securities Industry
  • Previous Firms: Ameriprise Financial Services, LLC, Ameriprise Financial Services, LLC, SCF Securities, Inc., and WFG Investments, Inc.
  • Number of Known Customer Complaints: 16
  • Number of Known Regulatory Events: 1
  • Number of Known Termination Events: 1
  • Number of Known Financial Events: 1
  • Number of Known Judgment/Lien Events: 5
  • Can Murray Petersen Be Sued: Yes, in Private Arbitration
  • Can Murray Petersen’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $960,000
  • Highest Settlement: $351,205

If you have suffered investment losses by Murray Petersen, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Murray Todd Petersen For Broker Misconduct

As of this publication date, Murray Petersen has been the subject of 1 regulatory event, 1 termination event, 1 financial event, 16 customer disputes,and 5 judgment/lien events. Let’s review them below.

In May 2023, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. alleging that the client purchased precious gems from Murray Todd Petersen through an outside business activity. Arbitration alleges that the gems purchased on or about 5/12/2017 for $220,000 were not delivered. In October 2019, [REDACTED] allegedly asked for a return of her funds from Mr. Petersen. To date, [REDACTED] states that she has not received the gems. Per the customer, she lost over $220,000 because of Mr. Petersen’s actions. On August 18, 2023, Mr. Petersen settled the claim for $100,000, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In May 2022, a complaint was filed against or in reference to Murray Petersen by multiple customers of SCF Securities, Inc. alleging fraud and negligence related to the purchases of diamonds and jewelry Petersen sold them via an outside business activity. Per the customers, they lost over $155,800 because of Mr. Petersen’s actions. On June 3, 2022, Mr. Petersen settled the claim for $75,362, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In May 2022, a complaint was filed against or in reference to Murray Petersen by multiple customers of SCF Securities, Inc. alleging fraud and negligence related to the purchase of a diamond Petersen sold them via an outside business activity. Per the customers, they lost over $50,000 because of Mr. Petersen’s actions. On July 28, 2022, Mr. Petersen settled the claim for $14,999, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In March 2022, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. alleging fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity. Per the customer, he/she lost over $237,740 because of Mr. Petersen’s actions. On May 4, 2022, Mr. Petersen settled the claim for $115,000, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In December 2021, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. alleging fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity and alternative investments sold prior to Petersen registering with SCF. Per the customer, he/she lost over $320,000 because of Mr. Petersen’s actions. On November 28, 2022, Mr. Petersen settled the claim for $111,250.

In November 2021, FINRA initiated a regulatory action against or in reference to Murray Petersen for engaging in an unapproved outside business activity (OBA) by selling jewelry for investment purposes and receiving commissions for the sales.

In November 2020, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. alleging fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity. Per the customer, he/she lost over $275,000 because of Mr. Petersen’s actions. On December 23, 2020, Mr. Petersen settled the claim for $77,500.

In June 2020, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. fraud and breach of duty related to the purchase of diamonds Petersen sold them via an outside business activity. Per the customer, he/she lost over $20,000 because of Mr. Petersen’s actions. On August 31, 2020, Mr. Petersen settled the claim for $9,800, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In June 2020, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. alleging fraud and breach of duty related to the purchase of diamonds Petersen sold them via an outside business activity. Per the customer, he/she lost over $20,000 because of Mr. Petersen’s actions. On August 31, 2020, Mr. Petersen settled the claim for $9,800, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In June 2020, a FINRA arbitration was filed against or in reference to Murray Petersen by multiple customers of SCF Securities, Inc. alleging fraud and breach of duty related to the purchase of diamonds Petersen sold them via an outside business activity. Per the customers, they lost over $960,000 because of Mr. Petersen’s actions. On September 23, 2020, Mr. Petersen settled the claim for $351,205, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In March 2020, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. alleging fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity. Per the customer, he/she lost over $108,000 because of Mr. Petersen’s actions. On August 31, 2020, Mr. Petersen settled the claim for $52,920, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In March 2020, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. alleging fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity. Per the customer, he/she lost over $94,500 because of Mr. Petersen’s actions. On August 31, 2020, Mr. Petersen settled the claim for $46,305, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In March 2020, a FINRA arbitration was filed against or in reference to Murray Petersen by a customer of SCF Securities, Inc. alleging fraud and breach of duty related to the purchase of diamonds Petersen sold him via an outside business activity. Per the customer, he/she lost over $94,500 because of Mr. Petersen’s actions. On November 6, 2020, Mr. Petersen settled the claim for $46,305, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In March 2020, a FINRA arbitration was filed against or in reference to Murray Petersen. Per the customer, he/she lost over $100,000 because of Mr. Petersen’s actions. On September 1, 2020, Mr. Petersen settled the claim for $100,000, and some or all of this amount may have been paid by Mr. Petersen’s employer and/or insurance carrier.

In February 2020, a complaint was filed against or in reference to Murray Petersen by a customer of SCF Securities. As of this publication date, this claim remains pending.

In February 2020, Murray Petersen was the subject of a civil judgment or lien in the amount of $74,476.50. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In October 2019, SCF Securities Murray Petersen terminated SCF Securities for misstating and/or omitting material facts and circumstances regarding an outside business activity.

In January 2017, Murray Petersen was the subject of a civil judgment or lien in the amount of $67,550.92. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In January 2015, Murray Petersen was the subject of a civil judgment or lien in the amount of $42,279.39. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In June 2014, Murray Petersen was the subject of a civil judgment or lien in the amount of $9,219.03. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In July 2013, Murray Petersen was the subject of a civil judgment or lien in the amount of $164,863.83. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In April 2010, a complaint was filed against or in reference to Murray Petersen by a customer of Commonwealth Financial Network alleging failure to disclose advisory fees despite executing written agreement for the same. Per the customer, he/she lost over $12,000 because of Mr. Petersen’s actions.

In March 2002, a complaint was filed against or in reference to Murray Petersen by a customer of Financial Network Investment Corporation alleging that Mr. Petersen failed to disclose a 10% penalty for a variable annuity purchased on 09/23/1992. Per the customer, he/she lost over $6,000 because of Mr. Petersen’s actions.

In December 2000, a complaint was filed against or in reference to Murray Petersen by a customer of Financial Network Investment Corporation alleging that the non-commission intercompany exchange was unauthorized 1-25-00 met with [customers] to review accounts. expressed desire to consolidate ira s.. Per the customer, he/she lost over $10,000 because of Mr. Petersen’s actions.

How To File A Claim Against Murray Todd Petersen (previously with Ameriprise Financial Services, LLC, Ameriprise Financial Services, LLC, SCF Securities, Inc., and WFG Investments, Inc.) To Get Your Money Back

If you have questions about Murray Petersen, Ameriprise Financial Services, LLC, Ameriprise Financial Services, LLC, SCF Securities, Inc., WFG Investments, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.