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FINRA’s Changes to the Expungement Rules won’t Stop Brokers from Winning

Last year, FINRA moved closer to finalizing several proposed rule changes to the process available to financial advisors to seek expungement of customer complaint information from their BrokerCheck records. For years, FINRA has tried to limit the frequency that financial advisors win their expungement cases. Advocates of more stringent expungement rules cite a high success […]

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Open letter to FINRA’s chief hearing officer, Linda Fienberg on expungement

On January 15, 2014, Patrick Mahoney wrote an open letter to Linda Fienberg in response to the Public Investors Arbitration Bar Association’s study concerning broker expungement (the “Study”). In short, Mr. Mahoney’s letter points out how the Study has contributed to the misperception surrounding the expungement process. The text of the letter is included below. […]

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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 […]

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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 […]

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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.  

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