Brokerages Reluctant to Buy Back Auction Rate Securities
They Should Not Be Expected To Buy Back the Now-worthless Investments From Their Customers Some brokers who sold auction rate securities say they should not be expected to buy back the now-worthless investments from their customers. Instead, the brokerages are arguing that the parties responsible for the auction rate mess - the … [Read more...] about Brokerages Reluctant to Buy Back Auction Rate Securities
SEC Probes Brokerages on Mutual Funds
Firms Failed To Disclose Mutual Funds. The Securities and Exchange Commission is investigating numerous cases in which brokerage firms may have failed to fully disclose that they steered clients toward certain mutual funds in exchange for payments from those fund companies. The SEC also is moving to ensure that fund investors get … [Read more...] about SEC Probes Brokerages on Mutual Funds
