Michael McMahon Has Received Ten Customer Complaints

Michael McMahon

Public records published by the Financial Industry Regulatory Authority (FINRA) on June 1, 2017 indicate that New York-based Worden Capital Management broker Michael McMahon has received several resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. McMahon (CRD# 4166570).

Michael McMahon has spent sixteen years in the securities industry and has been registered with Worden Capital Management in Garden City, New York since June 2015. Previous registrations include Four Points Capital Partners in Westbury, New York; National Securities in Westbury, New York; and Woodstock Financial Group in Garden City, New York. He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination) and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with eleven US states and territories.

According to his BrokerCheck report, he has received ten customer complaints and four pending customer complaints.

In 2016 a customer alleged Michael McMahon, while employed at National Securities, breached contract, breached his fiduciary duty, and acted negligently. The complaint settled in 2017 for $14,950.

In 2016 a customer alleged Michael McMahon, while employed at National Securities, breached his fiduciary duty, negligently misrepresented material facts, and acted negligently. The complaint settled in 2017 for $36,000.

In 2016 a customer alleged Michael McMahon, while employed at National Securities, made misrepresentations of material facts, failed to uphold his fiduciary duty and participated in negligent behavior. The customer is seeking $550,000 in damages in the pending complaint.

In 2016 a customer alleged he, while employed at National Securities, negligently misrepresented material facts and breached his fiduciary duty. The customer is seeking $200,000 in damages in the pending complaint.

In 2016 a customer alleged he, while employed at National Securities, breached his fiduciary duty, acted negligently, and misrepresented material facts. The customer is seeking $500,000 in damages in the pending complaint.

In 2015 a customer alleged he, while employed at National Securities, misrepresented material facts, breached contract, breached his fiduciary duty, and acted negligently. The complaint settled for $400,000.

In 2015 a customer alleged he, while employed at National Securities, made unsuitable recommendations, breached his fiduciary duty, breached contract, and misrepresented material facts. The complaint settled in 2017 for $345,000.

If you or someone you know has lost money investing with Michael McMahon, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.