Michael Farah v. Wedbush Securities, Inc.

In 2013, Aidikoff, Uhl & Bakhtiari arbitrated and won an employment case against Wedbush Securities, Inc. for the firm’s wrongful conduct towards a former broker. The FINRA arbitration award totaled more than $4.2 million and included $1.3 million in compensatory damages, $1.4 million in punitive damages and $1.2 million in attorneys’ fees, expert witness fees, court reporter costs and an assessment of all forum fees against Wedbush Securities, Inc.

View the Complete Arbitration Award

Press Coverage

• 10/29/2013

  Bad Bonds from Wedbush Pay off For Former broker

  Los Angeles Business Journal

• 10/23/2013

  Ex-Wedbush Broker's Loyalty to Clients Wins Out in Arbitration

  Wall Street Journal

• 9/26/2013

  Broker who sold troubled securities awarded $4.3 million in arbitration

  Reuters

• 9/26/2013

  Wedbush Ex-Broker Wins $4.3 Million for Lost Business

  Wall Street Journal

• 9/26/2013

  Former star Wedbush Securities broker wins $4.2 million award against firm

  InvestmentNews

• 9/26/2013

  Wedbush To Pay Former Broker $4.3M Over Sour CMOs

  Law360

• 7/14/2007

  Mortgage Bets Trip Up Main Street Investors — And a Group of Nuns

  Wall Street Journal