Web Street Sued, again:
securitiesarbitration.com
INVESTOR FILES FOR ARBITRATION AGAINST INTERNET BASED
BROKER WEB STREET SECURITIES, INC.
BEVERLY HILLS, CALIFORNIA, April 1 /PRNewswire/ - The following was
released today by Aidikoff & Uhl
An Internet investor, Ashok Aneja, today filed an arbitration with the National
Association of Securities Dealers against Web Street Securities, Inc. alleging that they
failed to timely execute his market orders to sell securities at the opening bell on
Monday, November 30, 1998, causing substantial losses. When Mr. Aneja discovered
the mistake he immediately contacted Web Street but was told that even though "other
customers were having similar problems" they had no intention of making him whole.
Mr. Aneja is represented by Aidikoff & Uhl, a Beverly Hills and Palm Springs,
California law firm that specializes in representing customers in securities arbitrations.
According to Philip M. Aidikoff, "on-line brokers like Web Street are a prisoners of
their own success and have problems processing customer orders because of software
glitches and high trading volume." Firms often rely on language in new customer
agreements to dissuade claims but "these clauses have often been found to be
unenforceable by the courts" said Robert A. Uhl.
Aidikoff & Uhl currently represents a number of investors who have lost money due to
the negligence of On-Line trading firms and has, in the past, been responsible for
recovering millions of dollars in stock market losses for their clients.
If you have experienced problems with on-line investing or your broker, and you have
questions concerning your rights or this notice, please contact:
Philip M. Aidikoff, Esq.
Robert A. Uhl, Esq.
Ryan K. Bakhtiari, Esq.
AIDIKOFF & UHL, A PARTNERSHIP OF PROFESSIONAL CORPORATIONS
9454 Wilshire Boulevard, Penthouse Suite
Beverly Hills, California 90212
(310) 274-0666 or Toll Free (800) 382-7969
Phil@securitiesattorneys.com
CO: Aidikoff & Uhl; Web Street Securities, Inc. |
