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: FinancialCounselInvestor Angst, Regulatory Probes And Litigation Intensify Over Auction Rate Securities
By James Eccleston
Investor angst concerning auction rate securities (ARS) continues, and indeed has worsened over the last few months. In May 2008, the New York Times reported that $300 billion worth of investors? funds were ?still locked up? and that 70% of all weekly auctions still were failing. Additionally, ARS investors, especially those subject to class action filings, must be on guard to protect their rights. Let?s discuss why.
Read article.
Full post as published by FinancialCounsel on May 15, 2008 (boomark / email).
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