FINRA barred securities broker Kevin Christopher McCarthy [CRD: 1702715, Hialeah, Florida], and investors complained about him, based on public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCarthy worked for Madison Avenue Securities LLC from December 4, 2007, to January 30, 2026. Investors are encouraged to continue reading to find out more about McCarthy’s disclosures.
FINRA Sanctioned McCarthy For Alleged Failure To Cooperate With Investigation Into Client Transactions
Notably, on May 7, 2026, FINRA issued Case: 2025088420501 sanctioning Kevin McCarthy. Specifically, McCarthy was barred from associating with any FINRA member in all capacities. Notably, FINRA alleged that McCarthy failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules.
According to FINRA, the matter originated from its review of a Form U5 filed by Madison Avenue Securities. Madison Avenue Securities reported that McCarthy’s employment ended following an internal review involving allegations that he accessed clients’ personal bank accounts, participated in payments from those accounts, and that certain payments allegedly benefited individuals with a familial relationship to him.
FINRA later requested documents and information according to FINRA Rule 8210. According to FINRA, McCarthy declined to provide the requested materials. As a result, FINRA found that he violated FINRA Rules 8210 and 2010 and imposed a bar from the securities industry.
Kevin McCarthy Disclosed Unauthorized Transactions Allegations By Madison Avenue Securities LLC Client
Also, a client of Madison Avenue Securities LLC contested McCarthy’s sales practices by filing Civil Action No. 2025-020070-CA-01 on January 17, 2026. Allegedly, McCarthy engaged in unauthorized client-related activities by managing a client’s financial affairs without a durable power of attorney, facilitating the transfer of funds from bank accounts, failing to report the client’s death, permitting beneficiary changes without proper signatures, and allowing family members to receive money or assets from the client’s accounts. It appears that McCarthy allegedly caused the client to incur damages connected to fixed annuities and banking products. As a result, the client seeks compensation from Madison Avenue Securities LLC or McCarthy in the amount of $1,600,000 in this ongoing matter.
Madison Avenue Securities LLC Investor Accused McCarthy Of Unsuitable Recommendations And Misrepresentation
Evidently, a Madison Avenue Securities LLC client filed FINRA Arbitration No. 18-02869 about Kevin McCarthy. Primarily, the client alleged that McCarthy made unsuitable recommendations and made misrepresentations in connection with the purchase of real estate securities in 2015. For this reason, the client allegedly sustained damages. Consequently, on October 21, 2018, Madison Avenue Securities LLC settled this matter by paying the client $19,000.
McCarthy Disclosed Omissions Allegations By Madison Avenue Securities Client
Specifically, a client of Madison Avenue Securities contested McCarthy’s sales practices by filing a client complaint. Allegedly, McCarthy made unsuitable recommendations and failed to adequately disclose risks associated with the investments. It appears that McCarthy allegedly caused the client to experience damages associated with direct investments. Therefore, Madison Avenue Securities agreed to settle the matter on September 10, 2012, by compensating the client in the amount of $135,000.
Madison Avenue Securities Inc. Investor Accused McCarthy Of Breach Of Fiduciary Duty, Failure To Supervise, And Negligence
Particularly, a Madison Avenue Securities Inc. client filed FINRA Arbitration No. 10-04577 about Kevin McCarthy. Mainly, the client alleged that McCarthy made unsuitable recommendations, breached his fiduciary duty, failed to supervise certain representatives, and was negligent in connection with a June 2008 investment in real estate securities. Because of this, the client allegedly sustained damages. As a result, on August 29, 2011, Madison Avenue Securities Inc. settled this matter by paying the client $40,000.
Do you need guidance on any investment losses relating to Kevin McCarthy? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the country. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. McCarthy and brokerage firms McCarthy worked for deny accusations of sales practice violations.
