Articles by tag - ars

The North American Securities Administrators Association (NASAA) announced today a settlement with Wells Fargo in which the bank agreed to reimburse $1.3 billion related to the sale of auction rate securities to its clients. That makes it the last of the large banks to put its auction rate security mess behind it.
Posted on November 18, 2009 by
Think the auction rate security saga is over? Not. Today, TD Ameritrade agreed to pay $465 million to its customers to reimburse them for losses taken in the ARS default mess.
Posted on July 21, 2009 by
A year after the collapse of the auction rate security market, investors are still stuck in an estimated $176 billion of the securities, despite regulators forcing banks to buy back up to $50 billion.
Posted on February 23, 2009 by
The tremors of the housing market and credit credit crisis hit another type of investment this week, the auction rate security market. The Wall Street Journal and several other business magazines have reported auction failures for both Georgetown University and Nevada Power. On the surface, a failure in the $300 billion auction market sounds like a big problem. It most likely isn’t.
Posted on February 14, 2008 by

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