Blog
February 8, 2017
Action Taken on 35 of 51 Recommendations to Date Understanding FINRA’s Role in Dispute Resolution The Financial Industry Regulatory Authority today released a status report on the recommendations made in the Dispute Resolution Task Force’s Final Report issued in December 2015. In July 2014, a 13-member task force composed of individuals representing a broad range of interests in securities dispute resolution was […]
October 3, 2016
On September 28, 2016, the U.S. Securities & Exchange Commission announced that it had imposed severe monetary penalties on UBS Financial Services in connection with the firm’s activities involving nearly $10.7 billion of stock-linked reverse convertible notes (“RCNs”) that had been sold to approximately 44,000 customer accounts between 2011 and 2014. (“In the Matter of […]
September 12, 2016
Please take notice of a continuing investigation of the sales practices of Mark Heiden for his management of client accounts and the overconcentration of energy related stocks investments: Energy XXI Bermuda Ltd. Clearbridge American Energy MLP Goldman Sachs MLP Energy Arch Coal Seadrill We are currently investigating whether all material risks of the recommended investments […]
August 3, 2016
Ryan Bakhtiari has been invited to participate as a speaker at the 2016 Practicing Law Institute (PLI) conference program on Wednesday, September 28, 2016. 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 industry regulators to discuss hot […]
May 17, 2016
Oil and gas company Breitburn Energy Partners LP has filed for Chapter 11 bankruptcy protection, citing continued declines in oil prices which have eroded its balance sheet. Breitburn Energy Partners Los Angeles-based Breitburn (Nasdaq: BBEP) said it expects to continue its operations without interruption, with cash from its operations, cash on hand, and a $75 million […]
