Paul Michael Carnahan – GWN Securities Inc. (Birmingham, MI): Investor Investigation & Review
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Haselkorn & Thibaut, a national investment fraud law firm, has opened an independent investigation into Paul Michael Carnahan, a financial advisor registered with GWN Securities Inc. (CRD: 5586975) in Birmingham, Michigan. If you worked with Mr. Carnahan, we encourage you to understand your options and protect your financial interests. Our team is available for a free, confidential consultation—call 1-888-994-8066 today. All cases handled on a “no recovery, no fee” basis.
Who is Paul Michael Carnahan?
| Name: | Paul Michael Carnahan |
| CRD Number: | 5586975 |
| Current Firm: | GWN Securities Inc. (since 02/28/2022) |
| Branch Office: | 280 N. Old Woodward, Suite 100, Birmingham, MI 48009 |
| Main Office: | 11440 North Jog Rd., Palm Beach Gardens, FL 33418 |
| Prior Firms: |
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| Licensing & Legal: |
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Background: Professional Experience & Affiliations
Mr. Carnahan’s extensive experience in the investment advisory industry includes work at several major broker-dealers in Michigan and leadership of Old Woodward Wealth Management as President/Wealth Manager. Additionally, he is affiliated with WSFG as a fixed insurance sales agent and has participated in non-investment-related volunteer activities.
Complaints and Red Flags: What Investors Need to Know
Our research, including a review of FINRA’s public BrokerCheck, points to the following important information regarding complaints or red flags in Paul Carnahan’s record:
- One FINRA Arbitration Complaint:
- Allegation: Recommended and over-concentrated client funds in unsuitable oil & gas and real estate securities at Centaurus Financial, Inc.
- Details: Filed October 2022 (FINRA Case No. 22-02269) with alleged damages of $800,000.
- Resolution: Settled on January 18, 2024, for $77,500 (with no individual financial contribution required from Mr. Carnahan).
Summary Table: Disclosures & Regulatory History As of October 2025
| Disclosure Type | Details / Outcome |
|---|---|
| Regulatory Actions (FINRA, SEC, state) | None |
| Customer Complaints/Arbitrations | 1 (settled Jan 2024, $77,500; no individual contribution) |
| Civil or Criminal Actions | None |
| Bankruptcies/Tax Liens/Judgments | None |
| Terminations for Cause | None |
| SEC Enforcement Actions | None |
| News/Litigation Dockets | None reported |
Regulatory Standards and Investor Protections
Financial advisors are expected to comply with strict regulatory standards:
- FINRA Rule 2111 (Suitability): Brokers must ensure recommendations match a client’s investment objectives, financial situation, and risk tolerance.
- SEC Regulation Best Interest (Reg BI): Since June 30, 2020, advisors are required to act in retail clients’ best interests when offering investment recommendations.
Failure to follow these rules, especially by making unsuitable recommendations or concentrating client funds in risky products, can jeopardize investors’ finances and may lead to actionable claims for damages.
Key Takeaways for Investors Working with Paul M. Carnahan of GWN Securities Inc.
- While Mr. Carnahan’s record is free of regulatory, civil, or criminal complaints, one significant customer arbitration has been settled (with no admission or payment by Mr. Carnahan).
- No other negative findings have surfaced from reviews of the SEC, court dockets, or news databases.
- All other items such as bankruptcies, liens, or terminations for cause are reportedly absent.
A single customer dispute—especially concerning unsuitability and over-concentration—can be meaningful. If you suffered investment losses, it is critical to understand whether your portfolio was managed appropriately and if you have grounds for recovery.
What to Do If You Have Concerns About Paul Carnahan or Your GWN Securities Account
If you believe you have experienced significant investment losses, or if you have questions about how your account was managed at GWN Securities Inc. (or during Mr. Carnahan’s tenure at previous broker-dealers), Haselkorn & Thibaut can help. Our team of seasoned attorneys offers:
- Free, confidential case reviews—no obligation
- Contingency fee arrangements—no recovery, no fee
- Nationwide representation and over five decades of experience with a 98% success rate
Take action to protect your financial future. Call Haselkorn & Thibaut now at 1-888-994-8066 for a risk-free consultation about your options. You may qualify to recover your losses through FINRA arbitration—a streamlined dispute resolution process designed specifically for investor claims.
About Haselkorn & Thibaut
Haselkorn & Thibaut (investmentfraudlawyers.com) is a national law firm dedicated to helping investors recover losses resulting from securities fraud, negligence, or brokerage firm wrongdoing. Put our experience to work for you.
Act promptly to preserve your rights. Don’t hesitate to reach out for your free, confidential case review.
Call: 1-888-994-8066
