Broker representation and advocacy is one of Patrick Mahoney’s cornerstone practices. With extensive “top tier law firm” experience defending some of the largest broker-dealers in the world in connection with a broad range of financial services and products, Patrick recognized that brokers and other financial service professionals are frequently “caught in the middle” when his or her former or current customer initiates litigation in connection with the handling of their accounts. In such instances, a conflict of interest arises between the broker-dealer and the broker. Indeed, when a customer complaint is initiated, the broker-dealer looks to solve the problem with its own best interest in mind – often at the expense of the best interests of the broker.
This inherent conflict often renders results that can have a permanent effect on the stock broker’s reputation and in turn, his or her ability to keep their current clients and retain new ones.
Recognizing the need to give the stock broker a voice in these situations, Patrick opened his law office.