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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- Former executives of defunct IBD hit with $1.05 million arbitration award
- Three brokerage executives who formerly worked at a now-defunct midsize independent broker-dealer were ordered by a three-person arbitration panel to pay $1.05 million, plus interest, to a family that had invested in high risk private placements that turned out to be Ponzi schemes. The complaint has been an albatross around the necks of the three […]
- Former Executives Liable for Brokerage’s Bad Bets
- A securities arbitration panel is holding the senior executives of a defunct brokerage firm personally liable for money-losing bets made by its brokers. A Financial Industry Regulatory Authority arbitration panel last week ordered the top three officials of Allied Beacon Partners Inc. of Richmond, Va., to pay about $2.3 million to an Illinois restaurateur ...
- Arbitration head at Wall St. watchdog to retire
- The long-time head of the Financial Industry Regulatory Authority’s arbitration unit will retire, the Wall Street watchdog said on Wednesday. Linda Fienberg, who joined FINRA’s predecessor organization, the National Association of Securities Dealers, in 1996, will step down from her post at the end of November, according to a statement from ...
- 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.