Aidikoff, Uhl & Bakhtiari is an “AV” rated law firm with a worldwide practice representing individuals and institutions in disputes with Wall Street and the financial services industry. Attorneys for the firm regularly appear 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, as well as in numerous state and federal courts to resolve financial disputes between customers, employees, banks, brokerage firms, insurance companies and other members of the financial services industry.
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.
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- The Time for a Uniform Fiduciary Duty is Now
- Following the Enron and WorldCom scandals in 2001, public outrage over the lack of executive accountability led to the Sarbanes-Oxley Act of 2002 which required better public disclosure. Wall Street argued that this new disclosure standard would cause publicly traded companies to join foreign exchanges instead of United States based securities exchanges, ...
- In Soured Investments, Brokers Emerge as Culprits and Victims
- For years, regulators have typically pursued brokerage firms over the failure of investments they sold rather than going after individual stockbrokers, because the target was larger and the possibility of reaching a financial settlement was greater. Now, regulators are shifting their focus in their fight against fraud to encompass brokers. The shift ...
- Wall Street watchdog bars Beverly Hills securities broker
- A Beverly Hills, California, securities broker who advised Hollywood stars and racked up dozens of complaints from customers has been permanently barred from the securities business in a settlement with Wall Street’s industry-funded watchdog. Bambi Holzer, known for her frequent television appearances and also the 64 complaints customers filed ...
- Municipal Fixed Income Investments Containing Puerto Rican Bonds
- Aidikoff, Uhl & Bakhtiari is currently investigating certain municipal fixed income funds containing significant percentages of Puerto Rican bonds. The presence of these bonds in many mutual funds appears to have led the Secretary of the Commonwealth of Massachusetts to launch an investigation.
- LPL Financial, LLC Non-Traded REITs
- Aidikoff, Uhl & Bakhtiari announces the launch of an investigation of the sales practices of LPL Financial, LLC in recommending non-traded REITs to their clients. The investigation follows the recently filed complaint by the Commonwealth of Massachusetts Securities Division into similar non-traded REIT sales practices. The Massachusetts complaint charged LPL with dishonest and unethical business practices.
- JP Morgan Chase's Sale of Proprietary Mutual Funds
- After the 2008 financial crisis allegations have surfaced that JP Morgan Chase turned to ordinary investors to make up for profits lost by the bank. Some current and former brokers say it emphasized its sales over clients' needs. Financial advisers say they were encouraged, at times, to favor JPMorgan's own products even when competitors had better-performing or cheaper options.