Downward sloping chart over dollarsMichael Patrick McMahon of Garden City New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer requested $280,000.00 in damages founded on accusations that (1) improper or misleading statements had been made concerning investments (2) the customer’s account was handled in a negligent manner (3) contractual obligations were violated and (4) fiduciary duties owed to the customer had been breached. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02616 (Aug. 3, 2018).

FINRA Public Disclosure reveals that McMahon has been identified in sixteen more customer initiated investment related disputes containing allegations of his violative conduct while employed with National Securities Corp and Woodstock Financial Corp. Specifically, a customer initiated investment related complaint concerning McMahon’s activities was resolved for $30,000.00 in damages based upon accusations that unauthorized trades were executed in the customer’s account, and the investment account was churned while McMahon was associated with Woodstock Financial Corp.

Another customer filed an investment related complaint regarding McMahon’s activities where the customer sought $95,000.00 in damages supported by allegations that when McMahon was employed by Woodstock Financial Corp, the customer was placed into an investment strategy that failed to align with the customer’s best interests or goals; and over-the-counter equities had been churned. On September 9, 2015, a customer initiated investment related arbitration claim involving McMahon’s conduct was settled for $262,500.00 in damages founded on accusations of breach of fiduciary duty, negligence, churning and unsuitability relating to McMahon’s over-the-counter equities trading when he was associated with National Securities Corp.

McMahon is the subject of a customer initiated investment related arbitration claim which was resolved on September 26, 2016 for $65,000.00 in damages based upon allegations of fiduciary obligations being violated; poor handling of investment transactions; misrepresentations which induced the customer to effect investment transactions; unauthorized trading of over-the-counter equities and municipal debt investments; and trading on an excessive basis. FINRA Arbitration No. 15-01338 (Sept. 26, 2016).

On November 9, 2017, another customer initiated investment related arbitration claim involving McMahon’s activities was settled for $210,000.00 in damages supported by accusations of McMahon breaching a fiduciary obligation to the customer; making misrepresentations about over-the-counter equities; and negligently trading in the customer’s account. FINRA Arbitration No. 16-00735. Another customer initiated investment related arbitration claim involving McMahon’s conduct was resolved for $115,000.00 in damages founded on allegations that the customer’s account was administered negligently; false or misleading statements had been made to the customer; and fiduciary obligations to the customer were breached. FINRA Arbitration No. 16-00661 (Nov. 15, 2017).

McMahon has been associated with Worden Capital Management LLC since June 1, 2015.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)