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BEVERLY HILLS, Calif., Sept. 12, 2016 -- Aidikoff, Uhl & Bakhtiari announces the filing of a FINRA arbitration seeking more than $1.1 million and its 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 were disclosed to clients as well as whether Wedbush broker, Mark Heiden, implemented an appropriate risk management strategy.
“Mark Heiden’s transactions in the energy sector raise serious concerns about the level of supervision Wedbush chose to exercise,” added Philip Aidikoff.
“The level of concentration in energy related securities posed a risk that customers could not appreciate,” said Ryan Bakhtiari.
To discuss your options please contact an attorney below.
Aidikoff, Uhl & Bakhtiari represents retail and institutional investors around the world in securities arbitration and litigation matters. Attorneys for the firm have appeared before the Financial Industry Regulatory Authority (FINRA) and in numerous state and federal courts to resolve financial disputes between customers, banks, brokerage firms and other financial institutions.
Philip M. Aidikoff, [email protected] Ryan K. Bakhtiari, [email protected] Aidikoff, Uhl & Bakhtiari (800) 382-7969 Toll Free or (310) 274-0666 www.securitiesarbitration.com
