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https://www.sec.gov/investor/ars.htm
Jul 01, 2011 · Press Release 2009-163: SEC Charges TD Ameritrade for Auction Rate Securities Sales Practices (July 20, 2009) Administrative Order against TD Ameritrade. Press Release 2009-127: SEC Finalizes ARS Settlements With Bank of America, RBC, and Deutsche Bank (June 3, 2009) Complaint against Bank of America. Consent of Bank of America.
https://www.marketwatch.com/story/citi-to-settle-charges-on-auction-rate-securities
Aug 07, 2008 · Citigroup agrees to buy back about $7 billion of auction-rate securities it sold to customers, and the financial-services giant will pay at $100 million in...
https://www.marketwatch.com/story/sec-finalizes-securities-settlement-with-citi-ubs
Dec 11, 2008 · The SEC, which filed its complaints on Thursday in federal court in New York City, based its finalized agreements on settlements in principle that were formed on Aug. 7 with Citigroup …
https://www.sec.gov/news/press/2008/2008-290.htm
Wachovia Agrees to Preliminary Auction Rate Securities Settlement That Would Offer Approximately $9 Billion to Investors (Aug. 15, 2008) The settlements, which are subject to court approval, will restore approximately $7 billion in liquidity to Citi customers who invested in ARS, and $22.7 billion to UBS customers who invested in ARS.
https://www.sec.gov/litigation/litreleases/2010/lr21585.htm
SEC Completes Review of Performance by Citigroup, RBC and Wachovia Under Auction Rate Securities Settlements The Securities and Exchange Commission today announced that three financial firms that settled the Commission's auction rate securities (ARS) charges against them have satisfied their obligations under their respective settlements and ...
https://www.sec.gov/divisions/corpfin/cf-noaction/2008/citigroup122308-405.pdf
allegations ofCommission's Complaint but in which it consents to the entry of a judgment in the form attached to the Consent. The Commission's Complaint and the Proposed Judgment will address CGMI's conduct in connection with the marketing and sale ofauction rate securities
https://www.sec.gov/litigation/complaints/2008/comp20824-citi.pdf
On February 12,2008, Citi stopped supportingits auctions for other ARSwith. low maximum rate resets, and those auctions failed. As a result offailed auctions,tens of thousand of Citi customers held approximately$45 billion of illiquid ARS, instead ofthe liquid short-term …
https://www.sec.gov/litigation/litreleases/2008/lr20824.htm
UBS Securities LLC and UBS Financial Services Inc., Civil Action No. 08 CIV 10754 (filed on December 11, 2008) SEC Finalizes Auction Rate Securities Settlements With Citigroup and UBS Providing Nearly $30 Billion in Liquidity to Investors
https://www.sec.gov/news/press/2008/2008-168.htm
In a short period of time, about 38,000 individual, small business, and charitable organization investor accounts will receive nearly $7.5 billion in liquidity, and Citi will begin the process of restoring liquidity to over 2,600 institutional investors who hold approximately $12 billion in auction rate securities.
https://www.citigroup.com/citi/investor/sec.htm
Citi is the leading global bank. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible.
https://en.wikipedia.org/wiki/Auction_rate_security
In February 2008, the auction market failed, and most auction rate securities have been frozen since then, with holders unable to dispose of their securities. Investment banks that participated in the distribution and marketing have agreed to repurchase around $50 billion in securities from investors, including municipalities, to resolve investigations by U.S. state attorneys general and the SEC.
https://www.sec.gov/info/municipal/municase07.htm
May 12, 2017 · UBS Securities LLC and UBS Financial Services Inc., Civil Action No. 08 CIV 10754 (S.D. NY), Litigation Release No. 20824 (December 11, 2008) (SEC Finalizes Auction Rate Securities Settlements with Citigroup and UBS Providing Nearly $30 Billion in Liquidity to Investors).
https://www.investopedia.com/terms/a/auction-rate-security.asp
Feb 15, 2020 · An auction rate security (ARS) is a type of variable-rate debt security that is sold through a Dutch auction. An ARS is generally either a bond with a long-term maturity of 20 to 30 years or ...
http://www.citi.com/investorinfo/auctionratesecurities/
Auction Rate Securities. This document sets forth Citigroup Global Markets Inc. ("CGMI")'s material practices and procedures in conducting auctions of auction rate securities ("ARS"). To help the reader put these practices and procedures in context, the document begins with a generic description of the ARS market and features.
https://uk.reuters.com/article/citigroup-sec-settlement/citigroup-in-sec-settlement-over-auction-rate-debt-idUKN0736726720070507
May 07, 2007 · Citigroup has agreed to pay $200,000 to settle U.S. Securities and Exchange Commission charges that a brokerage it acquired manipulated auctions involving municipal and corporate bonds, the SEC ...
http://www.securitiesdocket.com/2008/12/11/sec-finalizes-30-billion-ars-settlements-largest-in-sec-history/
Dec 11, 2008 · The SEC announced today that it has finalized settlements with Citigroup Global Markets, Inc. (C) and UBS Securities LLC and UBS Financial Services, Inc. (UBS) that will provide nearly $30 billion to tens of thousands of customers who invested in auction rate securities before the market for those securities froze in February.
https://www.planadviser.com/sec-finalizes-ars-settlements-with-three-banks/
Jun 08, 2009 · SEC Finalizes ARS Settlements with Three Banks The Securities and Exchange Commission (SEC) said it finalized settlements with Bank of America, RBC Capital Markets, and Deutsche Bank over charges that the firms misled investors regarding the liquidity risks associated with auction rate securities (ARS) that they underwrote, marketed, or sold.
https://www.nytimes.com/2009/01/27/business/worldbusiness/27iht-citi.4.19721553.html
Jan 27, 2009 · Executives at Citigroup refused to answer questions about the transportation authority's bond deal; in a statement, the bank said, "Since the beginning of the auction-rate securities crisis ...
https://www.investmentnews.com/ars-settlements-reached-with-citi-and-ubs-19054
Dec 11, 2008 · Auction Rate Securities; ARS settlements reached with Citi and UBS The SEC finalized settlements today with Citigroup and UBS that will provide …
https://www.reuters.com/article/idUSN0736726720070507
May 07, 2007 · Citigroup in SEC settlement over auction-rate debt. 2 Min Read. NEW YORK, May 7 (Reuters) - Citigroup (C.NC.N
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