We handle cases against Citigroup,
E-Trade, Merrill Lynch, Morgan Stanley, Raymond James Financial,
UBS, AG, Wachovia Corp., Wells Fargo Investments, and other
brokers, because often times, the ARS investments these brokers
put you into are too unsuitable to your investment objectives.
What are Auction Rate Securities?
Auction Rate Securities (ARSs) are municipal bonds, corporate
bonds, and preferred stocks with interest rates or dividend
yields that are periodically re-set through auctions, typically
every 7, 14, 28, or 35 days.
>> Read
more about Auction Rate Securities >>
My Broker Invested Me In ARS And I Cannot Get My Money
Back. What Are My Options?
If your broker misled you and put your money into ARS based
on representations that ARS were high-yield liquid investments,
you may have limited options.
You can hold onto your ARS until the issuer either redeems
the securities or until a successful auction occurs. However,
the likelihood that the issuer will redeem your ARS is speculative,
and even if the issuer chooses to redeem your ARS, they may
choose to redeem only a portion of your ARS and/or they will
choose to redeem your ARS, but only at a discounted rate. Furthermore,
given the current state of the ARS market, there is no guarantee
that a successful auction will take place in the near (or
distant) future.
In sum, if you wait for either of these options to come
to fruition, you may find yourself waiting indefinitely and
may never recover your investment.
>> Read more
about your options >> |
