Patrick Mahoney


Patrick Mahoney is an attorney based out of Manhattan Beach, California.  His practice focuses on representation of financial professionals in connection with a wide range of matters including: expungement of customer and employment related disputes from Central Registration Depository (“CRD”) records; litigation arising out of employment and customer disputes; and representation in connection with inquiries from state, federal, and self-regulatory bodies.
Patrick is admitted to practice law in all state and federal courts in California, including the Ninth Circuit Court of Appeals.

FINRA's Troublesome Rule to Keep Clients Out of Expungement Requests
FINRA issued a press release in February announcing its approval of a rule that would “prohibit firms and associated person from conditioning settlements of customer disputes on, … an agreement not to oppose a request to expunge information from an associated person’s Central Registration Depository (“CRD”) record.”
Both Costly and Ineffective?
FINRA’s latest BrokerCheck rule proposal is riddled with problems both for the firms and the agency itself.
Surprise! How Did Long-Forgotten, Minor Complaints Abruptly Appear on BrokerCheck? 2

In 2010, FINRA amended the rules to require information concerning historic customer complaints that previously was not disclosed on a broker’s BrokerCheck record. Three years later, we're still asking why.

FINRA’s Proposed Changes to the Broker Expungement Process
In April 2012, FINRA released Regulatory Notice 12-18, which features the Authority's proposed overhaul of the broker expungement process. The overhaul applies primarily to brokers whom customers do not name as defendants to their FINRA lawsuits.
Petty Crimes on Broker Records- Can they be Expunged? 1
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 histories.
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