Aidikoff, Uhl & Bakhtiari is an “AV” rated law firm that represents individual and institutional investors around the world in securities arbitration and litigation. Attorneys for the firm have appeared before the National Association of Securities Dealers (NASD), New York Stock Exchange (NYSE), 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. On behalf of the firm's individual and institutional clients, Aidikoff, Uhl & Bakhtiari attorneys have won awards, verdicts and settlements of more than $100 million.
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
- FINRA Wants Arbitration Claims Against Unnamed Brokers Reported
- In order to make more information available to the public and regulators, the Financial Industry Regulatory Authority (FINRA) recently proposed a rule amendment that would require securities brokerage firms to report brokers who allegedly engaged in a sales practice violation but are not named as parties in an arbitration proceedings or a civil lawsuit.
Read Article - Finra Plan + Auction-Rate Mess = Anxiety
- A proposed rule meant to improve public disclosure of customer complaints against brokers is making some in the industry nervous about whether a wave of auction-rate securities lawsuits may unfairly blemish brokers' records.
Read Article - Use caution with auction rate certificates
- Be wary of brokers and bankers touting can't-lose investments that turn out to be anything but. That's the hard lesson learned by thousands of consumers just now finding their savings are irretrievably stuck in something called auction rate certificates, or ARCs.
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Current Investigations
- 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 - Auction Rate Securities
- Investors who purchased auction-rate securities in the form of preferred shares in closed-end mutual funds, or corporate or municipal bond instruments are discovering that these securities are hardly the safe, liquid, slightly higher-yielding, tax-exempt alternative to money-market funds that they were marketed as.
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.
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