Court Orders Woodbridge Group of Companies LLC to Produce Documents to SEC The Securities and Exchange Commission has obtained an order requiring the Woodbridge Group of Companies LLC, of Sherman Oaks, California, to produce the corporate documents of several company executives and employees, including Woodbridge’s President and CEO. According to the SEC’s application and supporting […]
The Securities and Exchange Commission today charged a former broker, his company, and his business partner in an alleged real estate investment scheme utilizing high-pressure sales tactics to pilfer $6 million from retirees and other investors while using the proceeds to fund the broker’s lavish lifestyle and start e-cigarette businesses. The SEC alleges that Leonard […]
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Bae Keun Yu violated securities laws. Mr. Yu allegedly formed Optima Koam Investment Inc. in September 2013 in order to invest in Korean securities and opened an account at a Korean broker-dealer. He then purchased shares in […]
Aidikoff, Uhl & Bakhtiari partner Ryan Bakhtiari has been invited to participate as a speaker at the 2017 Practicing Law Institute (PLI) conference program on Wednesday, September 27, 2017. Mr. Bakhtiari’s panel is titled “Preparation for Expungement Hearings in Securities Arbitration.” This discussion will include topics, issues and procedures involved in arbitrating expungement matters. For […]
Wells Fargo and a number of other lenders are negotiating to take control of a hedge fund previously valued at more than $2 billion that is now worth close to nothing, according to a report from the Wall Street Journal. EnerVest Ltd., a Houston private equity firm that focuses on energy investments, manages the private equity […]