Defendant
1 case as defendant.
Uhlmann Price Securities, LLC (also styled "Uhlmann Price Securities" or "UPS") is an Illinois limited liability company organized on February 19, 1997, and founded by Fred Uhlmann, a former president/chairman of the Chicago Board of Trade. It is headquartered in Chicago, Illinois, with an additional office address in Skokie, IL. It is privately held and not publicly traded: since December 31, 2017 it has been owned by UPS Holdings, L.L.C., with a 1% interest held by JBAK Holdings L.L.C.; principals are James Baer and Alan Konn. The firm is small — its audited statement of financial condition filed with the SEC for year-end 2023 reported total assets of roughly $1.4 million and member's equity of about $678,000. Reliable employee counts were not verifiable; third-party estimates exist but are inconsistent.
It is a registered securities broker-dealer (SEC/FINRA) and a CFTC-registered introducing broker and NFA member. It does not carry or clear customer accounts; customer transactions are cleared by a clearing broker on a fully disclosed basis. Revenue comes from securities sales and commissions, and it acts as a selling agent for public and private commodity pools. Public materials describe offerings in wealth management for high-net-worth and institutional clients, alternative investments, structured notes, retirement plan services, and commodities.
Litigation posture: operating company defending, not an NPE. The database shows zero plaintiff cases and one defendant case. That sole matter is Cedar Lane Technologies, Inc. v. Uhlmann Price Securities, LLC, No. 1:25-cv-15329 (N.D. Ill., filed December 17, 2025, Judge Joan B. Gottschall) — not a plaintiff-friendly Texas venue.
Cedar Lane is a Canadian patent assertion entity (incorporated 2019) classified as an NPE by Stanford's NPE database and Unified Patents; it asserts acquired patents, many originating with Intellectual Ventures entities, and has filed hundreds of suits. The asserted patent, U.S. 8,577,782 B2 ("trading with conditional offers for semi-anonymous participants"), has also been asserted against other financial firms, including BNY Mellon and Maxim Group. Public docket reporting indicates the case was dismissed with prejudice with each party bearing its own costs; Uhlmann Price filed no answer. Plaintiff counsel was Rabicoff Law; defense counsel was Faegre Drinker Biddle & Reath.