Kenneth Alfred McCabe (CRD #2980438) Has Regulatory, Customer Dispute, and Judgment/Lien Disclosures on FINRA BrokerCheck

Kenneth Alfred McCabe (CRD #2980438) is a broker with disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on February 5, 2026. It reflects one regulatory event, four customer disputes, and two judgment/lien disclosures. If you invested with Kenneth Alfred McCabe and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Kenneth McCabe’s FINRA BrokerCheck Report reflects one regulatory event. A summary is below:

On May 14, 2013, the Indiana Securities Division entered an order of summary suspension against Kenneth McCabe for failing to comply with a court order imposing a child support obligation. Kenneth McCabe’s FINRA BrokerCheck report lists the matter as final. The resolution was an order. The suspension ran from May 14, 2013, to February 6, 2014.

Investor Disputes / Customer Complaints

Kenneth McCabe’s FINRA BrokerCheck Report reflects four customer dispute disclosures. We summarize two pending disputes below. Two additional customer disputes are also reported.

On December 22, 2025, a customer alleged that on July 12, 2021, Kenneth McCabe recommended an unsuitable, high-risk, illiquid investment. Kenneth McCabe’s FINRA BrokerCheck report lists the product type as a real estate security. The matter is pending in FINRA arbitration (Docket/Case # 25-02586). BrokerCheck states the damage amount will be determined by the arbitration panel.

On July 7, 2025, a customer alleged that in March 2015, Kenneth McCabe recommended unsuitable, high-risk, illiquid investments. The customer sought $45,000 in damages. Kenneth McCabe’s FINRA BrokerCheck report lists the product type as a real estate security. The matter is pending in FINRA arbitration (Docket/Case # 25-01246).

Judgment / Lien

Kenneth McCabe’s FINRA BrokerCheck Report reflects two judgment/lien disclosures. A summary is below:

A tax lien was filed on May 11, 2023, in the amount of $121,024.13. Kenneth McCabe’s FINRA BrokerCheck report lists the lien holder as the State of California. The lien is reported as outstanding.

Another tax lien was filed on October 1, 2019, in the amount of $199,366.67. Kenneth McCabe’s FINRA BrokerCheck report lists the lien holder as the Internal Revenue Service. The lien is reported as outstanding.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. It also requires customer-specific suitability. Disputes about illiquid products often focus on whether the recommendation fit the customer’s needs.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system. Investors may question whether supervision was designed to catch red flags tied to high-risk recommendations.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Kenneth McCabe:

Is currently registered with Centaurus Financial, Inc.

Has passed the Securities Industry Essentials (SIE) exam. He has also passed Series 7 and Series 6. He has passed Series 66 and Series 63.

Was previously registered with firms that include Ameriprise Financial Services, Inc., IDS Life Insurance Company, and Signator Investors, Inc.

Kurta Law Can Help

If you have worked with Kenneth McCabe and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Failure to Supervise

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.