Aidikoff, Uhl & Bakhtiari is investigating Mark Heiden, a Wedbush Securities broker. Heiden is accused of using sales practices that were related to the overconcentration of energy related stocks investments in customer accounts. These investments included Energy XXI Bermuda Ltd.(EXXI): Energy XXI was an independent oil and natural gas development and production company whose growth […]
An AWC was issued in which Sias was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Sias consented to the sanction and to the entry of findings that she failed to respond to FINRA requests for documents and information in connection with an investigation of her alleged […]
A Securities and Exchange Commission (SEC) decision became final in which the firm was expelled from FINRA membership and Ahmed was barred from association with any FINRA member in any capacity. The firm and Ahmed also were ordered to pay, jointly and severally, $13,684,105.19, plus prejudgment interest, in restitution to investors. The SEC sustained the […]
UBS is withdrawing from the Protocol for Broker Recruiting Agreement, making it the second wirehouse and original member of the arrangement to do so after Morgan Stanley withdrew from it in October. The brokerage sent a memo to its advisors Monday morning notifying them the firm would no longer be a member of the agreement […]
An AWC was issued in which Dahl was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Dahl consented to the sanction and to the entry of findings that he refused to provide testimony during a FINRA on-the-record interview. (FINRA Case #2017053631301)