Last Updated: October 2025 — Birmingham, MI
Here’s what you need to know about Birmingham, MI stockbroker Paul Michael Carnahan:
- Name: Paul Michael Carnahan
- Current Employer: GWN Securities Inc., registered since 02/28/2022. Branch: 280 N. Old Woodward, Suite 100, Birmingham, MI 48009. Main office: 11440 North Jog Rd., Palm Beach Gardens, FL 33418.
- Prior Firms: Securian Financial Services, Inc. (2019–2022); Centaurus Financial, Inc. (2010–2019); Wells Fargo Advisors, LLC (2008–2009).
- Other Business Affiliations:
• Old Woodward Wealth Management — President/Wealth Manager (Birmingham, MI) (investment-related)
• WSFG — Fixed insurance sales agent/broker (Southfield, MI) (non-securities)
• Greater Oakland Republican Party — volunteer activity (non-investment-related) - CRD number: 5586975
- Stockbroker / Financial Advisor: Yes — General Securities Representative; also Series 66 investment adviser representative. Exams: SIE (10/01/2018), Series 7 (10/13/2008), Series 66 (10/24/2008).
- Can Broker be Sued in FINRA: Yes — one customer dispute disclosed.
- Highest Award of Settlement: $77,500 (FINRA case settled 01/18/2024; individual contribution $0).
If you’ve sustained damages from Mr. Carnahan, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Paul M. Carnahan As Your Stockbroker?
A FINRA arbitration was filed October 2022 (FINRA Case No. 22-02269) alleging that, while at Centaurus Financial, Inc., Mr. Carnahan recommended and over-concentrated customer accounts in unsuitable investments (product types listed: Oil & Gas and Real Estate Securities) with alleged damages of $800,000. The matter settled on January 18, 2024 for $77,500 (no individual contribution reported).
Allegations of Broker Misconduct Against Paul Michael Carnahan
- Unsuitable recommendations / over-concentration — recommending or maintaining an investment strategy inconsistent with a customer’s risk tolerance and objectives may violate FINRA Rule 2111 (Suitability).
- Failure to act in the customer’s best interest (when applicable to retail recommendations) — for recommendations made after June 30, 2020, brokers must satisfy SEC Regulation Best Interest (Exchange Act Rule 15l-1). (Inference based on the nature/timing of the alleged recommendations.)
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Paul Michael Carnahan, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
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.