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 […]
Author Archives: Patrick Mahoney
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 […]
Patrick Mahoney is proud to announce that he will be contributing an opinion based column on WealthManagement.com. You can view Patrick’s most recent submissions HERE.
On December 11, 2013, WealthManagement.com ran Patrick Mahoney’s latest editorial, FINRA’S Proposed Changes to the Broker Expungement Process, as part of his periodic column, The Legal Rep. A link to the article is available HERE. The article’s content is available below: In April 2012, FINRA released Regulatory Notice 12-18, which features FINRA’s proposed overhaul of […]
On November 22, 2013, WealthManagement.com ran Patrick Mahoney’s editorial Petty Crimes on Broker Records – Can they be Expunged?. A link to the article is available HERE. The article’s content is available below: FINRA rules require brokers to make extensive and often intrusive disclosures (vis-à-vis a broker’s Central Registration Depository (“CRD”) record) concerning their work and disciplinary […]
On August 19, 2013, InvestmentNews magazine ran an Op-Ed concerning broker expungement authored by Patrick Mahoney. The article is available HERE and a preview of it is below.
On July 17, 2013, attorney Patrick Mahoney was quoted in an InvestmentNews article concerning “Follow the Money” radio talk show host, Patrick Kiley, who was sentenced to 20 years in prison for engaging in a ponzi scheme. Patrick’s contribution to the article is referenced below: “Financial regulators are zeroing in advisers — and those who […]
Ben Bernanke’s recent statements that the end of the $85 billion per month spigot of cash that the Fed is contributing to the bond market is near, has sent bond and equity markets to some of their most volatile levels since the Credit Crisis. Indeed, long term interest rates endured a 100 basis point increase […]
The first question brokers ask when contemplating whether or not to pursue expungement of an investor complaint from their publicly available Central Registration Depository (“CRD”) record is almost always, “What are the odds that I earn expungement?” Unfortunately, the answer to this question is an uninspiring, “It depends.” To contemplate why “it depends,” brokers must […]
In response to the SEC’s approval of FINRA’s request to share more information about brokers’ disciplinary records, Patrick Mahoney was featured in the Investment News article entitled: FINRA gets OK to share more info about reps’ disciplinary records. In short, the article highlights the fact that FINRA will now be making available even more detailed information […]
