KEVIN C MCCARTHY Barred by FINRA

KEVIN CHRISTOPHER MCCARTHY (KEVIN C MCCARTHY) was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of 5/7/2026.  McCarthy was registered as a broker with MADISON AVENUE SECURITIES LLC of Hialeah, Florida, from 12/04/2007 - 01/30/2026. Moreover, McCarthy was previously registered both as a broker and as an investment advisor.

According to the FINRA report, without admitting or denying FINRA’s findings, KEVIN C MCCARTHY consented to the sanction and to the entry of findings. These findings were that he allegedly refused to provide documents and information requested by FINRA. This request was made in connection with its investigation of allegations made on a Form U5 filing by his member firm.

FINRA’s findings stated that KEVIN C MCCARTHY was terminated by his firm following an internal review. In this review, it was determined that McCarthy had allegedly accessed clients' personal bank accounts and was involved in certain payments made from those accounts. Furthermore, some of these payments were made to individuals with a familial relationship to KEVIN C MCCARTHY.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, KEVIN C MCCARTHY was in the securities industry for 32 years and had been listed with 9 firms.  McCarthy has 7 disclosures on his FINRA CRD report.  Of the 7 disclosures, 4 are “Customer Disputes,” with 1 is pending and 3 have settled.  The significance of McCarthy’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives. Surprisingly, only .41% had been the subject of 3 or more customer complaints. In other words, KEVIN C MCCARTHY’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. 

The most recent “Customer Dispute” filed against KEVIN C MCCARTHY dated 1/17/2026 is pending.  The damage amount requested is $1,600,000.00. The allegations are, “The complaint alleges the advisor managed the client's financial affairs without a Durable Power of Attorney and allegedly facilitated the disappearance of $1.6 million from three of the client's bank accounts between January 2018 and June 2024. The advisor also allegedly failed to report the client's death and the advisor's family received money and assets from the client's accounts. In addition, unauthorized changes were allegedly made to the client's beneficiaries without proper signatures. A limited partnership remains registered under the client's name.”

To discuss this article or any other securities issues, contact the South Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost:  888-760-6552.

Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis.