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, the District of Columbia, Idaho, 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
- Pacific Life takes a punch at LPL over potentially millions in lawsuits
- By Bruce Kelly
LPL Investment Holdings Inc. and Pacific Life Insurance Co. are staring each other down over which firm will have to pony up the potentially millions of dollars in claims stemming from fraud suits against a rogue broker from one of the three independent-contractor firms LPL acquired from Pac ...
Read Article - $8.8 million paid to clients of former WealthWise financial adviser Jeffrey Forrest
- The more than $8.8 million judgment awarded to clients of Jeffrey Forrest has been paid, six months after a financial regulatory agency determined that the former San Luis Obispo investment adviser had misrepresented a risky hedge fund as being safe.
Forrest, who owned WealthWise LLC, and Associated Securities, ...
Read Article - Finra Arbitration Claims Up Dramatically
- The number of arbitration claims filed with the Financial Industry Regulatory Authority has surged in the first seven months of 2009.
Through July, investors filed 4,481 claims, as compared to 4,982 claims during all of last year. That's a 71% increase in the number of new case filings over the ...
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Current Investigations
- Medical Capital Holdings and Provident Asset Management
- On July 16, the Securities and Exchange Commission charged Medical Capital Holdings Inc. of Tustin, Calif., with fraud in the sale of $77 million of private securities in the form of notes. On July 7, the SEC charged Provident Asset Management LLC of Dallas with operating a fraud and a Ponzi scheme in the sale of $485 million of preferred stock and limited partnership offerings in oil and gas deals.
Read Article - DBSI Inc.
- DBSI Inc., an Idaho-based commercial real estate investment company, is facing questions from investors after becoming insolvent. DBSI based much of its business on Tenants in Common (TIC) investments. In 2003, the Internal Revenue Service (IRS) amended rules so that investors could avoid capital gains tax by investing proceeds from a property sale into TIC investments.
Read Article - CIT Group Inc. InterNotes
- Bonds issued by recently bankrupt CIT Group Inc. have caught the attention of regulators. An investigation is being made regarding the representations made to investors regarding the risk associated with CIT's InterNotes. Investors who were sold this product may have been led into believing that such an investment was a suitable and stable investment, when the truth has shown CIT InterNotes to be anything but.
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