Following the crash of the market for auction rate securities in early 2008, regulators as well as private litigants brought a series of suits against the brokerage houses which sold the securities. Typically the suits claimed that sells had misrepresented …
Tag: auction rate securities
THIS TIME IT IS THE NY AG WHOSE ARS CASE WAS DISMISSED
The SEC and the NY AG have been successful in settling a series of market crisis cases centered on the collapse of the auction rate securities market in March 2008. In litigation both regulators have experienced more difficulty however. Earlier …
THIS TIME IT IS THE NY AG WHOSE ARS CASE WAS DISMISSED Read More »