John McCarthy Tied To Lincoln Financial Investor’s Unsuitable Recommendations Complaint

Investors apparently complained about securities broker John Gilman McCarthy [CRD: 2470464, Hunt Valley, Maryland], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCarthy worked for Osaic FA Inc. from February 25, 1999, to January 24, 2025, and then registered with Osaic Wealth Inc. beginning January 24, 2025. Investors are encouraged to continue reading to discover more about the disclosures associated with McCarthy’s professional history.

Lincoln Financial Advisors Corporation Investor Accused McCarthy Of Sales Practice Violation

Particularly, on October 25, 2024, a Lincoln Financial Advisors Corporation client filed FINRA Arbitration No. 24-02316 about John McCarthy. Mainly, the client alleged that McCarthy made unsuitable recommendations. For this reason, the client allegedly experienced damages associated with oil and gas investments. Consequently, the client requested $200,000 in compensation from Lincoln Financial Advisors Corporation or McCarthy. It appears that this arbitration is ongoing.

John McCarthy Disclosed Unsuitable Advice Allegations By Lincoln Financial Advisors Corporation Client

Notably, a client of Lincoln Financial Advisors Corporation disputed McCarthy’s sales practices by filing FINRA Arbitration No. 24-02316 on October 25, 2024. Allegedly, McCarthy made unsuitable recommendations. It appears that McCarthy caused the client to experience damages connected to oil and gas investments. Therefore, the client seeks compensation from Lincoln Financial Advisors Corporation or McCarthy in the amount of $53,000 in this ongoing matter.

Lincoln Financial Advisors Corporation Investor Accused McCarthy Of Omissions

Also, on December 11, 2017, a Lincoln Financial Advisors Corporation client filed a complaint about John McCarthy. Primarily, the client alleged that McCarthy made omissions about the liquidity of real estate investment trusts. As a result, the client requested compensation from Lincoln Financial Advisors Corporation or McCarthy. The complaint was later withdrawn, and no action was taken.

Did You Invest With Financial Advisor / Securities Broker John McCarthy?

Did you suffer any investment-related losses because of John McCarthy? Contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients located throughout the US. Also, the firm represents investors on a contingency fee basis and advances all costs. McCarthy and brokerage firms McCarthy worked for deny allegations of sales practice violations.