The Law Offices of Patrick R. Mahoney, P.C. is investigating accounts that are over-concentrated in the oil and gas sector. In the first ten days of March, oil prices fell more than 30 percent. On March 9, 2020, oil’s drop represented the largest single-day move since 1991 during the first Gulf War. Investors who have […]
Author Archives: Patrick Mahoney
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Investors who hold structured products (also known as “structured notes”) tied to oil and gas may be at risk of significant losses. This may include structured notes tied to the following stocks, among others: Western Midstream Partners, LP (WES) Apache Corporation (APA); Targa Resources Corp. (TRGP); Continental Resources, Inc. (CLR); Cenovus Energy Inc. (CVE); Occidential […]
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Mar
With the influx in volatility and the arrival of the U.S. stock market’s first Bear Market in more than a decade, those trading on margin may be exposed to forced liquidations and/or margin calls following the market’s recent, aggressive selloff. Broker-dealers require those trading on margin to maintain as collateral a specified percentage of qualified […]
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As Bloomberg recently reported, H2O Asset Management has emerged as one of the first victims of the markets’ recent volatility after three of its funds, some of the most lucrative throughout 2019, have fallen significantly. These three funds manage roughly $2.6 billion combined. According to Bloomberg, H2O’s Vivace strategy (a global macro fund) fell about […]
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The Practising Law Institute (“PLI”) published an article that Patrick Mahoney co-authored with Ryan Bakhtiari and Phil Aidikoff of Aidikoff Uhl & Bakhtiari discussing Senior Financial Abuse. PLI published this content in its While Collar Practice Journal. It published a second version in its Course Handbook for Securities Arbitration 2019. The article covered FINRA Rules […]
October 2018 goes down as one of the worst months in the stock market since the Great Recession. The widespread market retreat across all sectors culminated into $1.91 trillion of losses to the S&P 500. Despite October’s losses, Federal reserve Chairman Jerome Powell has indicated that the Fed intends to stay the course and continue […]
To the dismay of financial advisors across the country, FINRA has taken notice of the public’s negative association with expungement of customer complaints from central registration depository (“CRD”) records. As a result, the standards a financial advisor must meet to convince a FINRA arbitrator to recommend expungement of a customer complaint from their record have […]
On April 22, 2014, WealthManagement.com ran Patrick Mahoney’s editorial, FINRA’s Troublesome Rule to Keep Clients Out of Expungement Requests, as part of his periodic column, The Legal Rep. A link to the article is available HERE, and the text of the editorial is below. On February 13, 2014 FINRA issued a press release announcing its approval of a […]
On February 14, 2014, WealthManagement.com ran Patrick Mahoney’s editorial, Both Costly and Ineffective?, as part of his periodic column, The Legal Rep. A link to the article is available HERE. This week FINRA’s Board of Directors authorized FINRA to seek comment on a proposed rule that would require firms to “include a readily apparent reference and link […]
On January 17, 2014, WealthManagement.com ran Patrick Mahoney’s editorial, Surprise! How Did Forgotten, Minor Complaints Abruptly Appear on BrokerCheck, as part of his periodic column, The Legal Rep. A link to the article is available HERE. In 2010, FINRA amended Rule 8312 to require information concerning minor historic customer complaints be added to BrokerCheck records. Customer complaints that […]
