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Maria Brezden, et al. v. Associated Securities Corp, et al.,

Mr. Bakhtiari former law firm arbitrated and won the largest arbitration award for San Luis Obispo based retail customers in calendar year 2009. The arbitration award totaled $8.8 million and involved hedge fund losses incurred as a result of the brokerage firm’s failure to perform adequate due diligence. The first arbitration case was filed with FINRA and named Associated Securities and Forrest as the defendants. It involved seven San Luis Obispo County households that collectively invested more than $5 million in APEX, according to the claim. The investors allege that Associated Securities and Forrest breached their fiduciary duty by “failing to recommend suitable securities; failing to use proper asset allocation; failing to conduct proper due diligence … (and) failing to monitor the true value and volatility of APEX.” The case also alleged charges of fraud and failure to supervise and control.  

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