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
Securities Firms Agree to Pay $8.3 Million In Message Dispute
Securities Firms Agreed To Pay Fines. Five securities firms have tentatively agreed to pay fines totaling $8.3 million for allegedly failing to keep e-mails and produce them in regulatory investigations, people familiar with the matter told The Wall Street Journal. The five firms: Goldman Sachs Group Inc., Morgan Stanley, the … [Read more...] about Securities Firms Agree to Pay $8.3 Million In Message Dispute
