Posts belonging to Category RBC Dain Raucher
Posted by Page PerryonAugust 8, 2008
Today UBS tentatively agreed to buy-back $19.4 billion in auction-rate securities in order to resolve regulatory actions initiated by the Massachusetts Secretary of State, other members of a state auction-rate securities task force and the SEC. In addition, the firm agreed to pay a $150 million fine to settle the regulatory claims. The full details […]
Categories: Auction Rate Securities, Bank of America, Brokerage Firms, Citigroup/Smith Barney, Credit Suisse, Goldman Sachs, J. P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, RBC Dain Raucher, Regulatory Developments, UBS, Wachovia
Posted by Page PerryonAugust 8, 2008
Following on the heels of Citigroup’s tentative settlement with federal and state regulators, Merrill Lynch has announced that it will offer to buy-back, at face value, auction-rate securities which were sold to individual investors, charitable institutions and small businesses. Merrill Lynch’s offer will be effective January 15, 2009 and run through January 15, 2010 according […]
Categories: Auction Rate Securities, Bank of America, Brokerage Firms, Citigroup/Smith Barney, Credit Suisse, Goldman Sachs, J. P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, RBC Dain Raucher, Regulatory Developments, UBS, Wachovia
Posted by Page PerryonJuly 25, 2008
The subprime and credit crises have resulted in a surge of fraudulent misrepresentation and omission cases against Wall Street firms. A rising stock market concealed many such abuses because values were rising, making fraudulent misrepresentations and omissions hard to identify. Recently, however, many of these misrepresentations and omissions have become apparent. For example, many risk-averse […]
Categories: Auction Rate Securities, Bank of America, Bear Stearns, Charles Schwab, Citigroup/Smith Barney, Common Securities Broker Abuses, J. P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Keegan, Morgan Stanley, RBC Dain Raucher, Smart Investing Tools, SunTrust, UBS, Wachovia
Posted by Page PerryonJuly 21, 2008
Many auction rate securities investors are asking whether they should sell their illiquid holdings or should wait in hopes of their auction rate securities being refinanced or redeemed. Unfortunately, there is no one answer that is right for every investor. This article attempts to discuss various factors that investors may wish to consider in making […]
Categories: Auction Rate Securities, Bank of America, Bear Stearns, Citigroup/Smith Barney, Credit Suisse, Goldman Sachs, J. P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, Raymond James, RBC Dain Raucher, Smart Investing Tools, SunTrust, UBS, Wachovia
Posted by Page PerryonJuly 16, 2008
The subprime and credit crises affecting the economy have revealed an array of suitability abuses by Wall Street investment firms. While a rising stock market hides many abuses by brokerage firms, suitability abuses are more easily identifiable when times are tough. For example, many risk-averse investors with conservative objectives have recently discovered that they have […]
Categories: Auction Rate Securities, Bank of America, Bear Stearns, Charles Schwab, Citigroup/Smith Barney, Common Securities Broker Abuses, Credit Suisse, Elder Abuses, Goldman Sachs, J. P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Keegan, Morgan Stanley, Mortgage Securities & Collateralized Debt Obligation Problems, Raymond James, RBC Dain Raucher, SunTrust, UBS, Wachovia