Category Archives: CRD Expungement

Column: “FINRA’s Proposed Changes to Broker Expungement” – As seen on

On December 11, 2013, 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 […]

Column:”Petty Crimes on Broker Records – Can they be Expunged?” – As seen in

On November 22, 2013, 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 […]

Patrick Mahoney Published in InvestmentNews Concerning Expungement

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.  

The Broker’s “Odds” of Earning Expungement

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 […]

FINRA Stock Broker Expungement –A flawed system of unavoidable conflict between investor, broker, and broker-dealer.

When an investor files a complaint against his or her stock broker and/or broker-dealer, the broker-dealer must disclose the allegations made in the complaint on the underlying stock broker’s Central Registration Depository (“CRD”) record.  These disclosures almost always become publicly available via FINRA’s BrokerCheck (” FINRA BrokerCheck“) system—an online database that provides information about current and […]