Compliance Reporter
The newly appointed president of the Public Investors Arbitration Bar Association, Philip Aidikoff, is prioritizing expungement and arbitrator classification. Aidikoff, partner at Aidikoff & Uhl in Beverly Hills, California, said he backs a National Association of Securities Dealers Notice to Members 01-65 to establish criteria for expunging items from the Central Registration Depository. Comments for […]
The Spokesman-Review.com
Investors cry foul as money vanishesYour money: Record wave of stock traders taking brokers to arbitrationDeborah Lohse – Knight Ridder Denise Day knew she needed help managing $1.4 million in cash and stock options she received in her divorce. So, like many investors, she turned to a broker for advice. Just over a year later, […]
Money Magazine
WHEN OVERZEALOUS BROKERS MET NEWLY MINTED INVESTORS IN THE LONG BULL MARKET, FORTUNES WERE MADE AND LOST IN AN INSTANT. NOW EVERYONE’S POINTING FINGERS OVER THE MISSING MONEY. Since stocks peaked in March of last year, investors in the U.S. market have lost $4 trillion in paper wealth. That’s an awful lot of money, and […]
San Jose Mercury News
Denise Day knew she needed help managing $1.4 million in cash and stock options she received in her divorce. So, like many investors, she turned to a broker for advice. Just over a year later, she’s filed to take her broker to arbitration, alleging she lost almost everything when he handled her investments more aggressively […]
Los Angeles Business Journal
The recent conclusion of a couple of high profile arbitration cases raises the question: Will Wall Street be inundated with investor arbitration claims contending that brokerage analysts did them wrong? Will investors en masse charge that stockbrokers, following the recommendations of brokerage analysts, herded them into lousy stocks, benefiting not the investor but the brokerage’s […]