Parker Waichman LLP Headlines by Topic
Auction Rate Securities Fraud
Citigroup Reaches Auction Rate Securities Settlement with Pennsylvania
Jul 15, 2009
| Parker Waichman LLP
Citigroup has reached an agreement with the state of Pennsylvania over auction rate securities. Under the settlement, Citigroup will pay the...
Oppenheimer Faces Auction Rate Securities Lawsuit
Nov 20, 2008
| Parker Waichman LLP
The state of Massachusetts has filed an auction rate securities lawsuit against Oppenheimer & Co. According to Reuters, this is the first...
Fidelity Offers Auction Rate Securities Buy Back
Sep 16, 2008
| Parker Waichman LLP
Despite its claims that it bared no responsibility for the auction rate securities meltdown, discount broker Fidelity Investments has agreed to buy...
Bank of America Strikes Deal to Buy Back Auction Rate Securities
Sep 10, 2008
| Parker Waichman LLP
Bank of America has reached an agreement with Massachusetts state regulators to buy back $4.8 billion worth of auction rate securities. The...
Auction Rate Securities Probe Focusing on Fidelity, Goldman Sachs Ties
Aug 27, 2008
| Parker Waichman LLP
A probe into auction rate securities sold by Fidelity Investments is concentrating on the discount broker's relationship with investment bank Goldman...
Fidelity Should Buy Back Auction Rate Securities, Massachusetts Officials Says
Aug 20, 2008
| Parker Waichman LLP
Fidelity Investments is being urged to buy back auction rate securities it sold to some of its clients. In a strongly worded letter,...
Brokerages Not Keen on Buying Back Auction Rate Securities
Aug 19, 2008
| Parker Waichman LLP
Some brokers who sold auction rate securities say they should not be expected to buy back the now-worthless investments from their...
Auction Rate Securities Buy Backs Leave Out Some Investors
Aug 18, 2008
| Parker Waichman LLP
In the past two weeks, several large investment banks have agreed to spend billions to buy back the illiquid auction rate securities they once...
Wachovia Reaches Auction Rate Securities Settlement
Aug 15, 2008
| Parker Waichman LLP
Wachovia Corp., one of the biggest banks to be caught up in the auction rate securities mess, has agreed to buy back billions of dollars worth of...
Report Says Auction Rate Securities Concerns Raised in 2005
Aug 13, 2008
| Parker Waichman LLP
A prominent accounting firm raised questions about auction rate securities in 2005, years before the market went bust. According to a report on...
