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Better Housing Foundation deals in Illinois receive SEC scrutiny

The Securities and Exchange Commission and Illinois Attorney General’s office are examining the Better Housing Foundation as investors fret over the uncertain prospects for recovering their $170 million investment in the not-for-profit’s defaulted debt. The bonds were sold between 2016 and 2018 through the Illinois Finance Authority. Defaults occurred in June on the three Chicago […]

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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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