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Deferred Compensation Claims

Has your employer taken the position that your deferred compensation was forfeited when you moved to a new financial service firm? We represent employees that have been the subject of Wall Street’s retaliation.  When leaving their firm, many financial advisers have been told that by taking a position with another competing firm they have forfeited […]

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Wells Fargo Agrees To $79 Million Employee Deferred Compensation Settlement

Wells Fargo has agreed to pay $79 million to settle a class-action lawsuit related to deferred compensation for former financial advisors of the banking company. The class action covers more than 1,000 former advisers who said they were wrongly required to forfeit deferred compensation when they left Wells Fargo. The lead plaintiff, Robert Berry, said […]

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Aidikoff, Uhl & Bakhtiari partner Ryan Bakhtiari to speak at 2019 PLI Securities Arbitration program

Aidikoff, Uhl & Bakhtiari partner Ryan Bakhtiari has been invited to participate as a speaker at the 2019 Practicing Law Institute (PLI) conference program on Tuesday, September 10, 2019. The PLI Securities Arbitration program is held at the PLI New York Center and also online by webcast.  The program brings together legal professionals with securities […]

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UBS’ Yield Enhancement Strategy (“YES”) Causes Massive Losses

On August 23, 2019, an extensive article in The Wall Street Journal (“UBS Faces Client Backlash over Options Strategy”), exposed a complex investment strategy pitched as low-risk by stockbrokers at UBS Group AG (NYSE – UBS) that has triggered a backlash from clients of its securities unit. The strategy, called Yield Enhancement Strategy, or “YES,” has reportedly […]

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Clover Technologies Leveraged Loan Collapse

Out of nowhere, a $693 million loan Clover took to the market five years ago lost about a third of its value. This collapse was surprising to insiders who trade corporate loans. Clover had been operating since 1996 when it was acquired by Golden Gate which followed an usual path of private equity buyouts — […]

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