Home > News > Broker to Repay Investor

Broker to Repay Investor


The Business Press

Stock brokerage A.G. Edwards, Inc. has been ordered by the National Association of Securities Dealers to pay an Indio widow $339,974 for failing to properly supervise a broker who made risky investments with her savings in 1999.

NASD arbitrators awarded $142,839 in compensatory damages, $100,000 in punitive damages and $97,135 in legal fees to Delores White on April 13.

Ted Mendoza, an A.G. Edwards broker in Redlands, made a risky variable annuity purchase for White, now 75, according to a relase by her lawyer, Philip M. Aidikoff of Aidikoff, Uhl & Bakhtiari, a Beverly Hills firm with offices in Indian Wells.

« Back to News

The Importance of Selection of Counsel

The retention of an attorney is an important decision made with great care. Please review our web site and examine our experience and credentials.

Contact Us