Aidikoff, Uhl & Bakhtiari is an “AV” rated law firm that represents retail and institutional investors around the world in securities arbitration and litigation. Attorneys for the firm have appeared before the Financial Industry Regulatory Authority (FINRA) which was created in 2007 through the consolidation of the National Association of Securities Dealers (NASD) and New York Stock Exchange (NYSE) enforcement and arbitration divisions. The firm represents clients before the American Arbitration Association (AAA) and in numerous state and in federal courts to resolve financial disputes between customers, banks, brokerage firms and other financial institutions.
Aidikoff, Uhl & Bakhtiari was a pioneer in having brokerage firm's held responsible for failing to conduct effective due diligence on hedge funds sold to their clients. In February 2005, the firm received the first multi-million dollar award from an arbitration panel in connection with the sale of hedge funds to individual retail customers.
Aidikoff, Uhl & Bakhtiari litigates securities matters in state and federal courts. Our attorneys are licensed in California, Colorado, the District of Columbia, New York and Texas and we have relationships with attorneys and law firms in almost every state.
Members of the national and local press have covered our attorneys on securities arbitration and securities litigation issues, some of which can be found at this site under the In The News section.
Recent News
- WealthWise owner Jeffrey Forrest barred from acting as an investment adviser by the SEC
- Jeffrey Forrest can't act as an investment adviser or work with broker-dealers
A San Luis Obispo man charged with fraud by the U.S. Securities and Exchange Commission has been barred from acting as an investment adviser.
Jeffrey Forrest, owner and principal of WealthWise LLC, will not be allowed to associate with any ...
Read Article - Why Brookstreet Investors Were In The Dark
- New details in the Brookstreet Securities Corp. case support investor advocates' calls for lifting the curtain higher on details of brokers' transactions, particularly how brokers are compensated and their use of margin accounts.
The Securities and Exchange Commission on Thursday filed fraud charges against 10 former brokers ...
Read Article - Though barred, rogue brokers often find work
- regulators say there is a shortfall of data for investors when it comes to such cases.
Keeping track of rogue brokers is a tricky business, particularly when they leave or are booted from the confines of the securities industry, but keep peddling financial products.
Take, for example, Jeffrey Forrest, ...
Read Article
Current Investigations
- Lehman Brothers Principal Protected Notes
- Lehman Brothers Principal Protected Notes were recommended as a safe fixed income component with downside risk protection. Structured notes - sometimes known as hybrid financial instruments - are packaged by banks and primarily sold to retail customers.
Read Article - Charles Schwab YieldPlus Fund
- Charles Schwab's YieldPlus fund was once marketed as a safe alternative to cash and was Schwab's most popular bond fund. But Schwab stuffed mortgage-backed securities into YieldPlus' portfolio to pump up performance and it turned toxic.
Read Article - Citigroup's Falcon, ASTA and MAT Hedge Funds
- When Citigroup launched its ASTA and MAT hedge funds last year, investors clamored to get on board to the tune of hundreds of millions of dollars. Then, the credit crunch hit full force, causing the funds to lose more than 90 percent of their original value. Now, Citigroup is facing a number of lawsuits from investors who claim they are victims of deceptive marketing practices by brokers who sold ASTA and MAT funds as “safe” and “secure” alternatives to traditional bond funds.
Read Article