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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- FINRA Announces Arbitration Task Force
- The Financial Industry Regulatory Authority (FINRA) announced today the formation of a 13-member Arbitration Task Force to consider possible enhancements to its arbitration forum to improve the transparency, impartiality and efficiency of FINRA’s securities arbitration forum for all participants. “FINRA’s mission is to protect investors ...
- A broker, a client – and years of misdirected checks
- This is the case of a securities broker who spent nine years depositing his client’s dividend checks into his personal account before the situation caught up to him. For financial advisers, it’s a cautionary tale: If something doesn’t smell right, it will eventually draw attention. Richard Harvey Peress deposited 37 quarterly dividend ...
- Finra Weighs Tougher Stance
- The Financial Industry Regulatory Authority, a Wall Street watchdog overseen by the Securities and Exchange Commission, is considering tougher penalties for misconduct after criticism from an SEC official that its sanctions are too lenient. In the five years since the financial crisis, Finra, which is funded by the industry, didn’t discipline ...
- 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.