Philip M. Aidikoff is a partner in the law firm of Aidikoff, Uhl & Bakhtiari and exclusively represents clients in securities arbitration and litigation. Mr. Aidikoff graduated from the University of California at Berkeley in 1969 where he was on the Dean’s List and obtained his Juris Doctor degree from Southwestern University School of Law in 1975 where he was a member of Law Review. He is a past President and Director Emeritus of the Public Investors Arbitration Bar Association (PIABA). He served a five-year term (with three years as chair) on the National Arbitration and Mediation Committee of FINRA (formerly the NASD) which provides recommendations on rules, regulations and procedures governing arbitrations, mediations and dispute resolution. He served as one of three public members of the Securities Industry Conference on Arbitration (SICA), which was created with the support of the Securities and Exchange Commission to help protect the interests of public investors in securities arbitration. He also served as one of two investor advocates on the Securities Investor Protection Corporation (SIPC) Modernization Task Force. He served as a member of the FINRA Arbitration Task Force (2014-2015) which provided recommendations aimed at improving the transparency, impartiality and efficiency of securities arbitration. Mr. Aidikoff was recognized as a 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 and 2017 Southern California Super Lawyer and was profiled in the February 2012 issue of Southern California Super Lawyers Magazine. He was also named by the National Law Journal as one of the 50 Litigation Trailblazers & Pioneers (2014). His legal rating as an attorney is the highest available “AV”.
Mr. Aidikoff has spoken before numerous professional and lay groups on the topic of stockbroker abuse and the handling of arbitration and litigation involving brokers and firms. He has authored or co-authored a number of articles including: Broker Abuse: Recovering for your Client, Los Angeles Trial Lawyers Advocate (1993); Take it or Leave it: Case Evaluation and Retention, Practicing Law Institute Securities Arbitration Handbook (1995); Recognizing and Evaluating Stockbroker Liability, Consumer Attorneys Association of Los Angeles Convention (1995); The Brave New World of Banks Selling Securities: Offline and Online, Practicing Law Institute Securities Arbitration Handbook (1996); Stockbrokerage Firm Liability: A Pre-Litigation Analysis, Consumer Attorneys Association of Los Angeles Advocate (1996), reprinted in the Arizona Trial Lawyer Association Advocate (January 1997); Recognizing and Guarding Against Fiduciary Abuse, National Guardianship Association Annual Convention (1996); Control Person Liability in the Securities Industry: A Legal Overview and Practical Applications, Practicing Law Institute Securities Arbitration Handbook (1997); Liability of Control Persons at Second Tier Firms, Public Investors Arbitration Bar Association (1997); Clearing Firm Liability: A Forward Looking Analysis, Practicing Law Institute Securities Arbitration Handbook (1998); Why Shouldn’t Clearing Firms be Liable, Public Investors Arbitration Bar Association (1998); Motion Practice in Securities Arbitration: A Claimants Point of View, Public Investors Arbitration Bar Association (1999); Selective Recession and the Offset Defense in Securities Cases: A Survey of the Law, Public Investors Arbitration Bar Association (2000); After the Correction: Are Your Losses Recoverable?, American Pathology Foundation (2001); 2001: An Update On Best Execution and Suitability Standards For Online Trading, Public Investors Arbitration Bar Association (2001); Arbitration: Can It Be Waived?, Practicing Law Institute Securities Arbitration Handbook (2002); Comments on The Claimants Bar On Proposed Changes In The Expungement Process, The Association of the Bar of the City of New York (2002); Due Diligence or Dont: Pre-Filing Considerations and Claim Drafting, Public Investors Arbitration Bar Association (2003); Confidentiality and Compliance Manuals: The Fight for Unfettered Access, Public Investors Arbitration Bar Association (2004), republished in the Practicing Law Institute (2005); From Wall Street to Main Street: A Guide to Litigation Over Hedge Funds Sold by Brokerage Firms to Retail Investors, Public Investors Arbitration Bar Association (2005); I Didn’t Say That / Oh Yes, You Did: The Use of Court Reporters in Securities Arbitration, Public Investors Arbitration Bar Association (2005); Third Party Money Managers: Brokerage Firms Duty to Monitor and Resulting Liability, Practicing Law Institute (2005); A Practical Guide To The New NASD Code of Arbitration Procedure For Customer Disputes, Practicing Law Institute Securities Arbitration Handbook (2006); republished Public Investors Arbitration Bar Association (2006); Trying Asset/Mortgage Backed Securities Cases: A Practical Guide, Public Investors Arbitration Bar Association (2007); Wall Street Does It Again: The Auction Rate Securities Fraud, Public Investors Arbitration Bar Association (2008); The Prospectus Defense: Defeating It As A Matter of Fact and Law, PIABA Bar Journal, Vol. 16, No. 4 (2009); Discovery of Regulatory Documents: Debunking the Myth of the SEC Privilege in Securities Arbitration, Public Investors Arbitration Bar Association (2010); Arbitrators Misclassified: Looking Back to Move Forward, PIABA Bar Journal Vol. 18, No. 1 (2011); Discoverability Of Wells Submissions: What They Are And How To Get Them, PIABA Bar Journal Vol. 19, No. 2 (2012); FINRA Six–Year Eligibility Rule 12206: The Purchase Date is Often Not the Triggering “Occurrence or Event Giving Rise to a Claim”, PIABA Bar Journal Vol. 20, No. 1 (2013); Market Adjusted Damages in the FINRA Forum, PIABA Bar Journal Volume 21, No. 2 (2014), reprinted in the Consumer Attorneys Assocations for Southern California Advocate (April 2016); and most recently published The Use of Third Party Subpoenas to Determine a Brokerage Firm’s Pre-Hiring Due Diligence and Post-Hiring Supervision, Public Investors Arbitration Bar Association (2015).
Mr. Aidikoff has served on the faculty of the Practicing Law Institute (1996, 1997, 2002), NASD Fall Securities Conference (2002, 2004, 2005, 2006), NASAA Enforcement Conference (2002, 2004), NASAA Attorney/Investigator Training Conference (2006), University of Cincinnati School of Law Symposium-Twenty Years after Shearson v. McMahon (2007), SCMA Conference (2005), NERA Securities Litigation Seminar (2004), New York City Bar Securities Arbitration program (2002), Los Angeles County Bar Association Securities Arbitration program (2006, 2011, 2013 and 2015), the NASD faculty for training of discovery arbitrators, and on the JAMS faculty for training of securities arbitrators. He was a member of the NASD Neutral Roster Task Force (2005-2006), the FINRA Arbitrator Training Task Force (2009- 2010), FINRA Discovery Guide Task Force (2010–2013) and National Roundtable on Consumer and Employment Dispute Resolution, Pepperdine University 2012. He has appeared on CNBC, CNN/fn, PBS Nightly Business Report, National Public Radio, CBS Radio, and the Business Channel addressing investor rights topics, and has been quoted on securities matters in the Wall Street Journal, the Dow Jones News Service, Newsweek, Reuters, Fortune Magazine, Business Week, Money Magazine, Bloomberg News Service, Forbes, Medical Economics, Registered Representative, The New York Times, USA Today, The Los Angeles Times, The Washington Post and other national and local press. For five years he wrote a weekly column in the Palm Springs Desert Sun on issues of interest to investors. (www.securitiesarbitration.com)