Lordstown Motors Corp.’s shares dipped on Monday as the electric truck startup’s two top executives stepped down after the company’s board found evidence of inaccurate statements to investors. The onetime star special purpose acquisition company’s stock took its biggest one-day drop ever. Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from […]
As our Mediating and Arbitrating FINRA Claims program is coming up, we wanted to shine the spotlight on our outstanding panel. Our first panelist, Phil Aidikoff, is a Partner of Aidikoff, Uhl & Bakhtiari, an AV rated firm which has represented customers, executives and brokers in claims against the Financial Services Industry for more than […]
Aidikoff, Uhl & Bakhtiari is investigating potential claims for investors in the Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ:IQDNX) and Infinity Q Diversified Alpha Fund Investor Class (NASDAQ:IQDAX), collectively (“Infinity Q”). The investigation concerns whether brokerage firm sales practices and due diligence conducted in connection with the recommendation to purchase or hold Infinity Q […]
An indictment was unsealed today in federal court in Brooklyn charging three individuals affiliated with GPB Capital Holdings, LLC (“GPB”) with securities fraud, wire fraud and conspiracy. Defendants David Gentile, the founder, owner and Chief Executive Officer (“CEO”) of GPB; Jeffry Schneider, the owner and CEO of Ascendant Capital LLC (“Ascendant”); and Jeffrey Lash, a […]
The Securities and Exchange Commission today announced an award of more than $800,000 to a whistleblower whose information caused the staff to open an investigation that led to two successful SEC enforcement actions. “The whistleblower provided the Commission with a detailed analysis that alerted staff to the underlying securities violations,” said Jane Norberg, Chief of […]