DID NICHOLAS C MCMAHAN CAUSE YOU INVESTMENT LOSSES?
Nicholas McMahan Of Hilltop Securities Inc. And Formerly With BBVA Securities Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Nicholas McMahan Of Hilltop Securities Inc.?
Nicholas McMahan (CRD #5578896) is currently employed by Hilltop Securities Inc. in Austin, Texas, and has been registered with the firm since June 4, 2021. He is licensed in eight U.S. states and territories and is associated with three Self-Regulatory Organizations (SROs). McMahan has passed three general industry/product exams: the Securities Industry Essentials Examination, the General Securities Representative Examination, and the Investment Company Products/Variable Contracts Representative Examination, as well as two multi-state securities law exams. His prior registrations include positions at BBVA Wealth Solutions Inc., BBVA Securities Inc., and Chase Investment Services Corp., indicating a diversified experience in financial services and securities across different organizations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Nicholas McMahan Customer Complaints and Reviews
Nicholas C. McMahan has several negative disclosures listed in his record:
- Customer Disputes:
- A complaint received on August 9, 2021, involving structured notes that resulted in a loss at maturity. The complaint was settled for $18,588.00 on August 26, 2021. McMahan did not contribute to the settlement amount.
- Another dispute filed on June 20, 2020, concerning non-disclosure of terms related to structured notes purchased in December 2019. This complaint was denied on August 6, 2020.
- Financial:
- A compromise with Cedar Park Health System, L.P. involving an original debt of $6,837.16 was settled for $5,708.16 on January 4, 2022.
- Judgment/Lien:
- A civil judgment or lien filed by Cedar Park Health System, L.P. for $6,837.16 on March 26, 2019, was satisfied, indicating a resolution to the financial obligation.
Allegations Against Nicholas McMahan
The specific allegations and accusations against Nicholas C. McMahan include:
- Misrepresentation of Product Risks: The customer disputes revolve around allegations that McMahan did not fully disclose the risks associated with structured notes, leading to financial losses for the clients. These disputes highlight concerns regarding the clarity and adequacy of investment risk communication.
- Financial Mismanagement: The financial compromise and the associated judgment/lien indicate issues related to personal financial management that resulted in legal action to recover debts, which were ultimately resolved.
Nicholas McMahan Red Flags & Your Rights As An Investor
Of course, Nicholas McMahan did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Nicholas McMahan at Hilltop Securities Inc. and BBVA Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether Nicholas McMahan has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Hilltop Securities Inc. and BBVA Securities Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Hilltop Securities Inc. Due To Nicholas McMahan
If you have questions about Hilltop Securities Inc., BBVA Securities Inc. and/or Nicholas McMahan and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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