Madison Avenue Securities

Broker Kevin Mccarthy in Madison Avenue Securities, LLC Firm Has Customer Complaint

April 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Mccarthy (Mccarthy), previously associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mccarthy recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,600,000.00 on January 17, 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.

Broker David Olsen in Madison Avenue Securities, LLC Firm Has Customer Complaint

April 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Olsen (Olsen), previously associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Olsen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $582,000.00 on January 20, 2026.

Claimants allege unsuitable recommendations on 1031 Exchange Alternative Investments.

Broker Michael Janis in Madison Avenue Securities, LLC Firm Has Customer Complaint

March 31, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Janis (Janis), previously associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Janis recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.00 on September 08, 2020.

Unsuitable recommendation of GPB Automotive.

Broker Dennis Cirbo in Madison Avenue Securities, LLC Firm Has Customer Complaint

March 30, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Cirbo (Cirbo), currently associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cirbo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $155,000.00 on September 17, 2020.

Unsuitable recommendation of GPB Automotive

There are Recent Customer Complaints with Broker Michael Distler in Firm Madison Avenue Securities, LLC

March 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Distler (Distler), currently associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Distler recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $10,000.00 on December 16, 2020.

Recommended unsuitable investments, breach of fiduciary duty and negligence.

Broker Hilgardt Lamprecht in Madison Avenue Securities, LLC Firm Has Customer Complaint

March 5, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hilgardt Lamprecht (Lamprecht), currently associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lamprecht recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $45,000.00 on December 22, 2025.

Unsuitable VUL recommendation, undisclosed compensation conflicts, non-delivery of paid planning services, operational failures following termination.

Broker Richard Williams in Madison Avenue Securities, LLC Firm Has Customer Complaint

February 18, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Williams (Williams), previously associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Williams recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $30,000.00 on May 10, 2021.

Claimants allege unsuitable recommendations of multiple alternative investments, failure to supervise and complete loss of an investment in a company run by the representative.

Broker Patrick Chirchirillo in Madison Avenue Securities, LLC Firm Has Customer Complaint

January 22, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Chirchirillo (Chirchirillo), currently associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chirchirillo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $150,000.00 on September 30, 2021.

Client alleges unsuitable investments and misleading statements with respect to his investment in two REITS.

There are Recent Customer Complaints with Broker Frank Guarascio in Firm Madison Avenue Securities, LLC

October 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Guarascio (Guarascio), previously associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Guarascio recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $698,000.00 on January 20, 2023.

Unsuitable recommendations of alternative investments.

There are Recent Customer Complaints with Broker John Hose in Firm Madison Avenue Securities, LLC

October 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Hose (Hose), currently associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hose recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $20,000.00 on November 16, 2022.

Customer alleges that in early March 2022, he was pressured by Representative to make a partial withdrawal/transfer from a fixed annuity into a managed account portfolio. On March 23, 2022, when the customer changed his mind about the managed account portfolio, Representative offered to reimburse customer for any declines in value experienced by the customer in the managed portfolio within the first six months of the investment. (March 23, 2022 – September 23, 2022)