Scandal with a Long Tail

Curtis, Carol E.
August 2009
Securities Industry News;8/3/2009, Vol. 21 Issue 17, p16
Trade Publication
The article focuses on the scandal over how auction rate securities (ARS) were marketed to investors in the U.S. A series of corporate actions is being taken by Oppenheimer & Co. to attempt to obtain government money to repay customers regulators say it betrayed. The victims of the auction rate securities (ARS) market meltdown include home buyers, retirees and farmers. It cites the reluctance of some firms to settle.


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