Sean P. McCabe

 (CRD #5479643, Palm Beach Gardens, Florida)

December 11, 2024 – An AWC was issued in which Sean P. McCabe was fined $5,000, suspended from association with any FINRA member in all capacities for three months, and ordered to pay $19,275, plus interest, in restitution to a customer. Without admitting or denying the findings, McCabe consented to the sanctions and to the entry of findings that he excessively and unsuitably traded a customer’s account. The findings stated that McCabe recommended high frequency in-and-out trading to the customer, including recommending that the customer sell a position he had recently opened even when the price of the security had not materially changed. The customer, a dairy farmer in his late fifties with a speculative risk tolerance, relied on McCabe’s advice and routinely followed his recommendations. As a result, McCabe exercised de facto control over the customer’s account. McCabe’s trading in the customer’s account generated $19,275 in commissions and caused $57,445 in realized losses. The suspension is in effect from January 6, 2025, through April 5, 2025. (FINRA Case #2019060753510) If you have suffered losses as a result of Sean P. McCabe's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Sean P. McCabe. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.