Last Updated: May 2024 (Austin, Texas)
Nicholas McMahan Investigation Summary
Here’s what you need to know about Austin, Texas, stockbroker Nicholas McMahan:
- Name: Mr. Nicholas C. McMahan
- Current Employer: Hilltop Securities
- Previous Firms: BBVA Securities
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Nick McMahan
- Primary Location: Austin, Texas
- CRD 5578896
- Can Nick McMahan be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $18,588
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Nicholas McMahan As Your Stockbroker?
In 2021 a customer of BBVA Securities was paid $18,588 to resolve allegations that Nick McMahan advised the customer that he would receive all of his money back upon maturity of structured notes which McMahan recommended. The structured notes had reached the principal barrier at maturity resulting in a loss.
Allegations of Broker Misconduct Against Nicholas McMahan
A customer of Nick McMahan has alleged the following wrongdoing in connection with the handling of customer accounts:
- Advised that the customer would receive all his money back upon maturity of structured notes.
Structured Products: Sometimes referred to as market-linked investments, Structured Products are pre-packaged investments whose performance is linked to an underlying asset, product or index. ( a single security, basket of securities, options, indicies, commodities, debt issuance, foreign currencies or derivatives). See this for FINRA’s Investor Insights “Understanding Structured Notes with Principal Protection”
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
[LEARN MORE]: Investigations of Hilltop Securities and Hilltop Securities Brokers–Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Nick McMahan, contact us for a complimentary consultation with an experienced 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.