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 Faces $1.7 Million Claim over Madoff Oversight Failures
Madoff Oversight Failures Investment Business. A Bernard Madoff investor has filed a claim against the Securities and Exchange Commission (SEC) for failing in its oversight of Madoff's investment business. According to Newsday, the administrative claim is seeking $1.7 million in damages from the SEC for allowing Madoff's alleged … [Read more...] about SEC Faces $1.7 Million Claim over Madoff Oversight Failures
Merck’s Januvia Sales Drop
Merck’s Januvia Drop in Quarterly Sales. Drug maker Merck & Co. Inc. just reported an unexpected drop in the quarterly sales of its Type II diabetes drug Januvia. Januvia is Merck’s fastest- and greatest-selling product since it was approved in 2006. It is the one product that often drives the drug maker’s quarterly … [Read more...] about Merck’s Januvia Sales Drop
