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Brian Egan; Independent Financial Group; Laguna Niguel, California

Brian Egan, a former registered broker with Independent Financial Group. Egan was recently barred from the industry by the Financial Industry Regulatory Authority (FINRA) for allegedly failing to disclose his trading activity in client accounts away from the firm. Egan was sanctioned by FINRA in August 2016 when he allegedly maintained and/or held trading authority […]

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Cynthia Couyoumjian Investigation Launched by Aidikoff, Uhl & Bakhtiari

FINRA reports that nine arbitration claims were filed involving Cynthia Couyoumjian’s conduct. These claims allege unsuitable investments, breach of contract, breach of implied warranty, negligence, negligent supervision, common law fraud, unsuitable trading, violations of Federal laws and FINRA rules, misrepresentations, and/or other allegations. These nine arbitration claims involving Cynthia Couyoumjian’s conduct all settled, with the […]

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SEC Approves Amendments to the Customer Code of Arbitration Procedure Regarding Panel Selection in Cases with Three Arbitrators

The Securities and Exchange Commission (SEC) approved amendments to FINRA Rule 12403 (Cases with Three Arbitrators) of the Code of Arbitration Procedure for Customer Disputes (Customer Code) to increase the number of arbitrators on the public arbitrator list that FINRA sends to parties during the arbitration panel selection process from 10 to 15. The amendments […]

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Aidikoff, Uhl & Bakhtiari partner Philip Aidikoff to speak at 2016 PIABA program

Aidikoff, Uhl & Bakhtiari partner Philip M. Aidikoff has been invited to participate as a speaker at the 2016 Public Investors Arbitration Associate Bar Association (PIABA) conference program on Thursday, October 27, 2016 and Friday, October 28, 2016. Mr. Aidikoff’s panel is entitled “Hearing Strategy as Seen by Respondent Counsel”.  This panel will include leading […]

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SEC charges investment adviser with cherry-picking and allocating profitable trades for his own account

The Securities and Exchange Commission today announced fraud charges against an investment adviser accused of “cherry-picking” profitable trades for his own account rather than a client’s accounts, and misleading seniors and other clients about the fees he charged and the risks in investments he recommended.  The SEC Enforcement Division alleges that Laurence I. Balter and […]

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