Blog

Aidikoff, Uhl & Bakhtiari Announces Filing of FINRA Arbitration on Behalf of Former Customers of LPL Financial Broker Karl Romero

May 17, 2016

Aidikoff, Uhl & Bakhtiari announces the filing of a FINRA arbitration and its continuing investigation of the sales practices of Karl Romero (Nasdaq:LPLA) for his management of client accounts and the overconcentration of energy and/or real estate related stocks including: Gastar Exploration Arbor Realty Resource Capital Corp. We are currently investigating whether all material risks of […]

Updates to the FINRA Arbitration Process

May 9, 2016

The FINRA Board of Governors met this week to discuss a number of issues, including several rulemaking items. A summary of the rule proposals that relate to FINRA arbitration, as approved by the FINRA Board, are below. Broadening Chairperson Eligibility in Arbitration The Board authorized filing with the SEC proposed amendments to Rules 12400 and […]

Energy Master Limited Partnerships (MLPs) – What Your Financial Advisor Never Told You

April 26, 2016

One of the hottest investment products being pitched by Wall Street, in the low interest environment that has persisted over the past few years, has been Energy Master Limited Partnerships (“MLPs”) – an investment product with above average yields and, all too often, above average commissions for the financial advisors who have touted them. Unfortunately, […]

Linn Energy skips interest payment

April 18, 2016

Oil and gas producer Linn Energy LLC said it planned to skip interest payments on some of its senior notes due on Friday, after making bond payments that were deferred last month. Linn Energy and its unit, Berry Petroleum Co LLC, planned to skip interest payments of a total of $58 million, due Friday and […]

A Warning Shot Across the Bow for Investors in Business Development Companies (“BDCs”)

April 14, 2016

An April 10, 2016 article in The Wall Street Journal (“A $2.5 Billion BDC Halts Redemptions After Limit Reached”) describes how volatile markets have prompted a “rush of investors” to attempt to redeem their investments in non-traded Business Development Companies. The Business Development Corporation of America (“BDCA”), a $2.5 billion fund, said in a securities […]