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Philip M. Aidikoff

Philip M. Aidikoff

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Mr. Aidikoff is a past President and Director Emeritus of the Public Investors Arbitration Bar Association (PIABA). He served a five-year term (with three years as chair) of the National Arbitration and Mediation Committee of FINRA (formerly the NASD) which provides recommendations on rules, regulations and procedures governing arbitrations, mediations and dispute resolution. He served as one of three public members of the Securities Industry Conference on Arbitration (“SICA”), which was created with the support of the Securities and Exchange Commission to help protect the interests of public investors in securities arbitration. He also served as one of two investor advocates on the Securities Investor Protection Corporation ("SIPC") modernization task force. He served as a member of the FINRA Arbitration Task Force (2014-2015) which provided recommendations aimed at improving the transparency, impartiality and efficiency of securities arbitration.

Mr. Aidikoff was recognized as a 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 and 2017 Southern California Super Lawyer and was profiled in the February 2012 issue of Southern California Super Lawyers Magazine. He was also named by the National Law Journal as one of the 50 Litigation Trailblazers & Pioneers (2014). His legal rating as an attorney is the highest available, “AV”.

Mr. Aidikoff has served on the faculty of the Practicing Law Institute (1996, 1997, 2002), NASD Fall Securities Conference (2002, 2004, 2005, 2006), NASAA Enforcement Conference (2002, 2004), NASAA Attorney/Investigator Training Conference (2006), University of Cincinnati School of Law Symposium-Twenty Years after Shearson v. McMahon (2007), SCMA Conference (2005), NERA Securities Litigation Seminar (2004), New York City Bar Securities Arbitration program (2002), Los Angeles County Bar Association Securities Arbitration program (2006, 2011, 2013 and 2015), the NASD faculty for training of discovery arbitrators and on the JAMS faculty for training of securities arbitrators. He was a member of the NASD Neutral Roster Task Force (2005-2006), the FINRA Arbitrator Training Task Force (2009-2010), FINRA Discovery Guide Task Force (2010-2013), and National Roundtable on Consumer and Employment Dispute Resolution, Pepperdine University 2012. He has appeared on CNBC, CNN/fn, PBS Nightly Business Report, National Public Radio, CBS Radio, and the Business Channel addressing investor rights topics, and has been quoted on securities matters in the Wall Street Journal, the Dow Jones News Service, Newsweek, Reuters, Fortune Magazine, Business Week, Money Magazine, Bloomberg News Service, Forbes, Medical Economics, Registered Representative, The New York Times, USA Today, The Los Angeles Times, The Washington Post and other national and local press. For five years he wrote a weekly column in the Palm Springs Desert Sun on issues of interest to investors.

Education

  • B.A. - University of California at Berkeley, 1969, Dean's List
  • J.D. - Southwestern University School of Law, 1975, Law Review

Bar Admissions

  • California, 1975
  • United States District Court Central District California, 1976
  • United States Supreme Court, 1981
  • United States Court of Appeals for the Fifth Circuit, 1999
  • United States District Court for the District of Colorado, 2011

Publications

The Use of Third Party Subpoenas to Determine a Brokerage Firm's Pre-Hiring Due Diligence and Post-Hiring Supervision
Public Investors Arbitration Bar Association (2015)
Market Adjusted Damages in the FINRA Forum
PIABA Bar Journal, Volume 21, No. 2 (2014), reprinted in the Consumer Attorneys Association of Los Angeles Advocate (April 2016)
FINRA Six-Year Eligibility Rule 12206: The Purchase Date is Often Not the Triggering “Occurrence or Event Giving Rise to a Claim.”
PIABA Bar Journal, Vol. 20, No. 1 (2013)
Discoverability of Wells Submissions: What They Are And How To Get Them
PIABA Bar Journal, Vol. 19, No. 2 (2012)
Discovery of Regulatory Documents: Debunking the Myth of the “SEC” Privilege in Securities Arbitration
Public Investors Arbitration Bar Association (2011)
Arbitrators Misclassified: Looking Back to Move Forward
PIABA Bar Journal, Vol. 18, No. 1 (2011)
The Prospectus Defense: Defeating It As A Matter of Fact and Law
PIABA Bar Journal, Vol. 16, No. 4 (2009)
Wall Street Does it Again: The Auction Rate Securities Fraud
Public Investors Arbitration Bar Association (2008)
Trying Asset/Mortgage Backed Securities Cases: A Practical Guide
Public Investors Arbitration Bar Association (2007)
A Practical Guide To The New NASD Code of Arbitration Procedure For Customer Disputes
Practicing Law Institute Securities Arbitration Handbook (2006), also Public Investors Arbitration Bar Association (2006)
Third Party Money Managers: Brokerage Firms' Duty to Monitor and Resulting Liability
Practicing Law Institute Securities Arbitration Handbook (2005)
I Didn't Say That, Oh Yes You Did: The Use of Court Reporters in Securities Arbitration
Public Investors Arbitration Bar Association (2005)
From Wall Street to Main Street: A Guide To Litigation Over Hedge Funds Sold by Brokerage Firms to Retail Investors
Public Investors Arbitration Bar Association (2005)
Confidentiality and Compliance Manuals: The Fight for Unfettered Access
Practicing Law Institute Securities Arbitration Handbook (2005), also Public Investors Arbitration Bar Association (2004)
Due Diligence or Don't: Pre-Filing Considerations and Claim Drafting
Public Investors Arbitration Bar Association (2003)
Comments on The Claimant's Bar On Proposed Changes In The Expungement Process
The Association of the Bar of the City of New York (2002)
Arbitration: Can It Be Waived?
Practicing Law Institute Securities Arbitration Handbook (2002)
2001: An Update On Best Execution and Suitability Standards For Online Trading
Public Investors Arbitration Bar Association (2001)
After the Correction: Are Your Losses Recoverable?
American Pathology Foundation (2001)
Selective Recission and the Offset Defense in Securities Cases: A Survey of the Law
Public Investors Arbitration Bar Association (2000)
Motion Practice in Securities Arbitration: A Claimant's Point of View
Public Investors Arbitration Bar Association (1999)
Why Shouldn't Clearing Firms be Liable
Public Investors Arbitration Bar Association (1998)
Clearing Firm Liability: A Forward Looking Analysis
Practicing Law Institute Securities Arbitration Handbook (1998)
Liability of Control Persons at Second Tier Firms
Public Investors Arbitration Bar Association (1997)
Control Person Liability in the Securities Industry: A Legal Overview and Practical Applications
Practicing Law Institute Securities Arbitration Handbook (1997)
Recognizing and Guarding Against Fiduciary Abuse
National Guardianship Association National Convention (1996)
Stockbrokerage Firm Liability: A Pre-Litigation Analysis
Consumer Attorneys Association of Los Angeles "Advocate" (1996), reprinted in the Arizona Trial Lawyer Association "Advocate" (January 1997)
The Brave New World of Banks Selling Securities: Offline and Online
Practicing Law Institute Securities Arbitration Handbook (1996)
Recognizing and Evaluating Stockbroker Liability
Consumer Attorneys Association of Los Angeles Convention (1995)
Take it or Leave it: Case Evaluation and Retention
Practicing Law Institute Securities Arbitration Handbook (1995)
Broker Abuse: Recovering for your Client
Los Angeles Trial Lawyers Advocate (1993)

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