Tag Archives: Stock Broker Expungement

Column: “Surprise! How Did Long-Forgotten, Minor Complaints Abruptly Appear on BrokerCheck?” – As seen on WealthManagement.com

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 […]

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

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 […]

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 […]