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https://www.sec.gov/investor/ars.htm
Jul 01, 2011 · General Information about Auction Rate Securities . Testimony Concerning The SEC’s Recent Actions With Respect to Auction Rate Securities, Before the Committee on Financial Services, U.S. House of Representatives, by Linda Chatman Thomsen, Director, Division of Enforcement (September 18, 2008); Auction Rate Securities: What Happens When Auctions Fail (FINRA Investor …
https://www.finra.org/arbitration-mediation/auction-rate-securities-ars
Auction Rate Securities (ARS) are debt securities that are sold through a dutch auction. A dutch auction is public offering auction structure in which the price of the offering is set after taking in all bids and determining the highest price at which the total offering can be sold.
https://www.classlawgroup.com/auction-rate-securities/
The market-wide collapse in auction rate securities resulted in economic losses and severe hardships for investors. Auction-Rate Redemptions. In late 2008, several state regulators stepped in, initiating investigations and bringing lawsuits against many of the broker dealers that sold auction-rate securities to …
https://dfi.wa.gov/consumer/alerts/auction-rates-securities-buyback-offers
Dec 15, 2008 · The Washington State Department of Financial Institutions (DFI) Securities Division is reminding auction rate securities investors of their redemption opportunities, which were reached through settlements between securities regulators and multiple Wall Street firms. Many brokerage firms are offering to buy back auction rate securities from their customers.
https://www.semanticscholar.org/paper/Auction-Rate-Securities-Austin/f62238aff4cd9762f4d8b92159ea157b903780c8
This report discusses auction-rate securities (ARSs), which most are long-term bonds, although some ARS are structured as preferred shares and so have no maturities. Finra Special Arbitration Procedures for Investors Involved in Auction Rate Securities Regulatory Settlements 2009 ...
https://www.sec.gov/news/press/2009/2009-17.htm
SEC Finalizes ARS Settlement to Provide $7 Billion in Liquidity to Wachovia Investors FOR IMMEDIATE RELEASE 2009-17. Washington, D.C., Feb. 5, 2009 — The Securities and Exchange Commission today announced a settlement with Wachovia Securities, LLC that will provide more than $7 billion in liquidity to thousands of customers who invested in auction rate securities (ARS) before the market for ...
http://securities.stanford.edu/filings-case.html?id=103968
Mar 25, 2008 · Auction rate securities generally have long-term maturities or no maturity dates. The Complaint alleges that, pursuant to uniform sales materials and top-down management directives, Citigroup offered and sold auction rate securities to the public as highly liquid cash-management vehicles and as suitable alternatives to money market mutual funds.
http://securities.stanford.edu/filings-case.html?id=104020
May 22, 2008 · The Complaint alleges that Bank of America violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by deceiving investors about the investment characteristics of auction rate securities and the auction market in which these securities traded. Auction rate securities are either municipal or corporate debt securities or preferred ...
https://www.investmentnews.com/raymond-james-auction-rate-suit-first-to-be-upheld-31251
Raymond James & Associates must face a lawsuit claiming it defrauded buyers of auction-rate securities, the first class-action complaint following the market’s 2008 collapse to survive a judge ...
https://www.dandodiary.com/2009/03/articles/subprime-litigation/securities-lawsuit-targets-auction-rate-securities-investor/
Mar 12, 2009 · The complaint (which can be found here) alleges that Perrigo had invested in $18 million in auction rate securities and that until September 15, 2008, the company had a reasonable expectation of redeeming its auction rate securities. However, the complaint alleges that on September 15, Lehman Brothers, which had underwritten and sold Perrigo ...
https://www.in.gov/sos/3481.htm
Oct 01, 2009 · The Indiana complaint is filed with the Indiana Securities Commissioner and could result in a fine of $10,000 per violation of the Indiana Securities Act, in addition to restitution for the investors’ funds frozen in the failed auction rate securities market. Media Contact: Jim Gavin, 317.233.8655, [email protected]
https://www.finra.org/media-center/news-releases/2008/finra-announces-agreements-principle-three-additional-firms-settle
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) announced today that it has reached agreements in principle with City National Securities (CNS), of Beverly Hills, CA, BNY Mellon Capital Markets, LLC of New York and Harris Investor Services, Inc. of Chicago, to settle charges relating to the sale of Auction Rate Securities (ARS).
http://asc.alabama.gov/auction_settlements.aspx
Press Releases: 09/26/2008 - Alabama Investors to Participate in Settlements over the Sale of Auction Rate Securities. Complaint Form: Alabama Securities Commission
https://www.lawyersandsettlements.com/lawsuit/auction-rate-securities.html
Jan 30, 2010 · New York, NY The auction rate securities debacle of 2007 has made a return to the public conscience with the recent filing of an auction rate securities market lawsuit against Charles Schwab & …
https://www.dandodiary.com/2008/10/articles/subprime-litigation/now-lawsuits-concerning-the-auction-rate-securities-settlements/
Oct 15, 2008 · The prior auction rate securities lawsuits were brought on behalf of auction rate securities investors – that is, the people who bought the actual auction rate securities. The plaintiffs in the Merrill Lynch lawsuit are not persons who bought auction rate securities, but who bought Merrill Lynch’s own securities in the referenced offerings.
https://advisorhub.com/auction-rate-woes-dissolve-for-oppenheimer-and-a-merrill-broker/
Oct 26, 2018 · Oppenheimer takes $6 million hit to put decade-old problem with the illiquid instruments behind it, while a California broker wins expungement of claim she sold auction rate securities without ...
https://www.securitieslawattorneys.net/andrew-bodner/
Jul 28, 2016 · The customer sought $270,000 in damages in the complaint, which was denied. In 2008, a customer alleged Andrew Bodner, while employed at UBS Financial Services, engaged in misconduct related to the sale of an auction rate security. The complaint settled for $400,000.
https://www.seegerweiss.com/news/auction-rate-securities-deutsche-bank/
Mar 24, 2008 · Seeger Weiss LLP announces that it filed a class action lawsuit today in the United States District Court for The Southern District of New York on behalf of all persons or entities who purchased and continue to hold auction rate securities (also known as auction rate preferred stock, auction market preferred stock, variable rate preferred securities, money market preferred securities, periodic ...
https://www.investmentnews.com/oppenheimer-co-charged-with-ars-fraud-18674
Nov 18, 2008 · The complaint charges that he and other executives, who could face fines, sold their auction rate securities holdings as they discovered the market was …
http://congressionalresearch.com/RL34672/document.php
Auction-Rate Securities Summary Many municipalities, student loan providers, and other debt issuers have borrowed funds using auction-rate securities (ARSs), whose interest rates are set periodically by auctions. ARSs combine features of short- and long-term securities; ARSs couple longer maturities with interest rates linked to short-term money markets.
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