Investors should always inquire with their financial advisor about the fees charged for managing brokerage accounts. In general, there are two ways a financial advisor gets paid: (1) the financial advisor can charge an annual fee on the total assets invested; or (2) a financial advisor can charge commissions on a transactional basis. Commission-based accounts […]
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Jul
Jul
February 22, 2022 New York Times David W. Chen Around the time that Lauren Holiday helped the United States soccer team win the 2015 Women’s World Cup, she and her husband, Jrue Holiday, the N.B.A. player, visited the Southern California office of a securities broker who had come highly recommended for making prudent long-term investments. […]
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Mar
Mar
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 […]
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Mar
Mar
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
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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Mar
Mar
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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Sep
Sep
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 […]
