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
Banco Santander Trying to Force Compensation Offer
Banco Santander Compensation That Comes With Many Strings. Banco Santander is trying to strong-arm clients who lost money because of its hedge fund unit's investments with Bernard Madoff into accepting a compensation offer that comes with many strings. Lawyers for clients, meanwhile, have asked a U.S. judge to halt the Spanish bank's … [Read more...] about Banco Santander Trying to Force Compensation Offer
