Last Updated: October 2023 (Hauppauge, NY)
Sean P. McCabe Investigation Summary
Here’s what you need to know about Hauppauge, NY, stockbroker Sean P. McCabe:
- Name: Mr. Sean P. McCabe
- Current Employer: Network 1 Financial Securities
- Previous Firms: Worden Capital Management (FINRA expelled this firm 7/2022) Four Points Capital Partners, National Securities Corporation, Woodstock Financial Group
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Hauppauge, NY
- CRD 5479643
- Can Sean McCabe be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement : $210,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Sean P. McCabe As Your Stockbroker?
In 8/2023 a customer of Network 1 Financial Securities filed a FINRA arbitration alleging that Sean McCabe made unsuitable investment recommendations, committed fraud and breached his fiduciary duty causing damages in excess of $5,000. This case is currently pending.
McCabe has six prior customer complaints that were settled with cash payments, and one currently pending including the following:
- In 11/2017 a customer of National Securities Corp . was paid $210,000 to resolve allegations that McCabe was negligent and breached his firduciary duty.
- In 9/2016 a customer o National securities Corp. was paid $65,000 to resolve allegations that Sean Mccabe traded the account without authority and made excessive trades (churning).
Allegations of Broker Misconduct Against Sean P. McCabe
Customers of Sean McCabe have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Excessive Trading
- Negligent Misrepresentation
- Unauthorized Trading
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Sean McCabe, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
