Did you lose money investing with Madison Avenue Securities, LLC broker Kevin McCarthy (CRD# 1702715)? He has been registered with Madison Avenue Securities, LLC in Hialeah, Florida, from 2007 to 2026.
The Firm terminated Kevin McCarthy’s registration following an internal review, initiated in response to a written complaint, in which it was determined that McCarthy had accessed clients’ personal bank accounts, and was involved in certain payments made from those bank accounts. It was also determined that some of these payments made from the bank accounts were to individuals with a familial relationship to Mr. McCarthy.
In May 2026, FINRA permanently barred him after he “consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation of allegations made on a Form U5 filing by his member firm.” FINRA found that he was terminated after “an internal review in which it was determined that McCarthy had accessed clients’ personal bank accounts and was involved in certain payments made from those accounts, some of which were made to individuals with a familial relationship to McCarthy.”
Kevin McCarthy Customer Complaints
He has been the subject of four customer complaints between 2010 and 2026, according to his CRD report. The most recent complaint was regarding:
January 2026. “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.” The customer is seeking $1,600,000 in damages. The complaint took place while he was registered with Madison Avenue Securities, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Madison Avenue Securities, LLC may be liable for investment or other losses suffered by Kevin McCarthy’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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