Donald McCarthy Suspended by FINRA

Donald McCarthy (CRD #: 858923), a broker registered with Wood (Arthur W.) Company, has been suspended by FINRA, according to his BrokerCheck record, accessed on February 8, 2025. If you have questions about his alleged conduct as a broker, read on.

FINRA Suspension

On January 24, 2025, Donald McCarthy consented to the entry of findings that he allegedly improperly shared confidential information with an individual not authorized to view it.

According to a Letter of Acceptance, Waiver & Consent (AWC), Donald McCarthy allegedly sent an email on December 23, 2022, containing multiple pages of confidential information protected by the Bank Secrecy Act and U.S. Department of the Treasury regulations. The receiver was allegedly not authorized by law to view this information.

The AWC concluded that these allegations constitute a violation of FINRA Rule 2010.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Donald McCarthy consented to the following sanctions:

• Two-month suspension from associating with FINRA members
• $10,000 fine

His suspension will begin on February 18, 2025, and will end on April 17, 2025. You can access the AWC here.

Civil Lien

On October 4, 2024, Donald McCarthy incurred a civil lien of $145,824.99.

Background Information

Donald McCarthy has passed the following exams:

• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63

Donald McCarthy is a registered broker in Massachusetts and New Jersey.

He has also worked for the following firms:

• Shearson Lehman Hutton (CRD#:7506)
• Homans, McGraw, Trull, Valeo & Company (CRD#:14647)
• L. F. Rothschild, Unterberg, Towbin (CRD#:501)
• E. F. Hutton & Company (CRD#:235)
• First Jersey Securities (CRD#:6621)

Kurta Law Can Help

If you worked with Donald McCarthy and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.