Auction Rate Securities
Whether you are an individual investor or part of a large corporation, our auction rate securities law firms are here to help you. To learn more about our experienced legal team and what we can do for you, contact one of our auction rate securities lawyers today at 800-220-9341. >>MORE
Auction Rate Securities
by the ARS Fraud Attorneys at Williams Kherkher
Contact our attorneys today at 800.220.9341 if a financial firm has misrepresented these investments.
Texas Securities Regulators Turn Up the Heat
On July 22, the Texas State Securities Board notified Swiss Bank UBS that a hearing would be held in late September about the bank’s allegedly fraudulent practices when selling auction rate securities to investors. If found guilty, the bank could temporarily lose its securities licenses until investors have regained the money lost in the collapse of the ARS market. The SSB announced Monday that the hearing is being pushed back to October 21, because of settlement talks with UBS.
Although UBS is not the only bank implicated in the ARS market collapse (Merril Lynch and Citigroup have also been targeted by inspections, among others) UBS seems to be under particularly intense scrutiny, especially in Texas. Citigroup recently contacted former employees who now work for UBS, advising them to return to their former place of employment because of the pressure being put on UBS.
If you have lost money to a fraudulent broker or bank, contact auction rate securities attorneys Williams Kherkher at 800.220.9341 today.
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