Kevin Christopher McCarthy, a former Madison Avenue Securities broker based in Hialeah, Florida, is the subject of multiple disclosure events reported on his FINRA BrokerCheck profile.

According to FINRA BrokerCheck, McCarthy is not currently registered as a broker. His BrokerCheck report lists 1 regulatory event, 4 customer dispute disclosures, 1 termination disclosure, and 1 financial disclosure.

Official sources: FINRA BrokerCheck profile for Kevin Christopher McCarthy (https://brokercheck.finra.org/individual/summary/1702715); FINRA BrokerCheck report PDF (https://files.brokercheck.finra.org/individual/individual_1702715.pdf)

McCarthy was previously registered with Madison Avenue Securities, LLC from December 2007 to January 2026 in Hialeah, Florida. His BrokerCheck report also lists prior registrations with USAllianz Securities, Legacy Financial Services, United Securities Alliance, Independent Financial Securities, GKN Securities, Paragon Capital, J. Gregory & Company, and The Stuart-James Company.

FINRA Regulatory Disclosure

FINRA BrokerCheck reports a final regulatory event initiated by FINRA on May 7, 2026.

According to the disclosure, McCarthy consented, without admitting or denying the findings, to sanctions and findings that he refused to provide documents and information requested by FINRA. The request was made in connection with FINRA’s investigation into allegations reported on a Form U5 filing by his member firm.

The BrokerCheck disclosure states that Madison Avenue Securities terminated McCarthy following an internal review in which the firm determined that he had accessed clients’ personal bank accounts and was involved in certain payments made from those accounts, some of which were allegedly made to individuals with a familial relationship to McCarthy.

FINRA ordered a permanent bar, effective May 7, 2026.

$1.6 Million Client Account Dispute

FINRA BrokerCheck also reports a customer dispute involving Madison Avenue Securities and allegations concerning a client’s financial affairs.

According to the disclosure, the complaint alleges that McCarthy 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 disclosure also alleges that McCarthy failed to report the client’s death, that McCarthy’s family received money and assets from the client’s accounts, and that unauthorized changes were allegedly made to the client’s beneficiaries without proper signatures.

The product types listed include fixed annuity, banking products other than CDs, and Direct Investment-DPP & LP Interests. Alleged damages are listed as $1.6 million.

The matter is reported in BrokerCheck as having evolved into civil litigation in Miami-Dade County Circuit Court, docket number 2025-020070-CA-01.

Termination Disclosure

FINRA BrokerCheck reports that Madison Avenue Securities discharged McCarthy on January 30, 2026.

According to the termination disclosure, the firm terminated McCarthy’s registration following an internal review initiated in response to a written complaint. The firm stated that it determined McCarthy had accessed clients’ personal bank accounts and was involved in certain payments made from those accounts, including payments to individuals with a familial relationship to him.

Prior Customer Disputes

McCarthy’s BrokerCheck report also lists prior settled customer disputes involving real estate securities, Direct Investment-DPP & LP Interests, and REIT-related allegations.

One prior dispute involved allegations of suitability and misrepresentation associated with the recommendation and purchase of a real estate security product. The matter was reported as settled for $19,000.

Another prior dispute involved allegations that unsuitable investments were sold to customers and that there was a lack of disclosure regarding investment risk. The product type was listed as Direct Investment-DPP & LP Interests, and the matter was reported as settled for $135,000.

A third prior dispute involved a REIT investment and allegations of unsuitability, breach of fiduciary duty, failure to supervise, negligence, and gross negligence. The matter was reported as settled for $40,000.

Why These Disclosures Matter

The disclosures reported on McCarthy’s BrokerCheck profile raise issues that are broader than ordinary investment losses. They involve allegations concerning account access, client financial control, beneficiary changes, fixed annuities, bank accounts, DPP/LP interests, and supervision.

When a financial professional is alleged to have accessed client bank accounts or managed personal financial affairs without proper authority, investors and families may need to evaluate more than the performance of an investment product. They may need to review account transfers, beneficiary forms, power-of-attorney documents, annuity paperwork, bank activity, and communications with the broker or advisory firm.

These types of allegations can also raise questions about whether a brokerage firm or supervisory system should have detected warning signs earlier.

Important Note for Investors

The allegations reported in FINRA BrokerCheck are allegations only unless and until they are resolved through a final regulatory, civil, arbitration, or court determination. Pending customer disputes and civil matters have not been proven.

However, investors or families who believe a broker or financial advisor improperly accessed bank accounts, changed beneficiaries, handled funds without proper authority, misused client assets, or recommended unsuitable products should promptly review their records and speak with an investment loss recovery attorney.

Sonn Law Group represents investors in claims involving broker misconduct, investment adviser misconduct, elder financial exploitation, unauthorized transfers, improper account access, unsuitable investments, annuity-related losses, DPP/LP losses, and failure-to-supervise claims.

Investors who suffered losses involving a broker or financial advisor may contact Sonn Law Group to discuss potential recovery options.