Wachovia Settles SEC's ARS Charges
The SEC announced a settlement with Wachovia Securities LLC that will provide more than $7 billion in liquidity to customers who invested in ARS before the market collapsed.
ARS Deals Reached with Cuomo, Others
Merrill Lynch, UBS, Wachovia, Citigroup, Morgan Stanley and other firms recently resolved a series of issues with New York Attorney General Andrew Cuomo and other...
Merrill Reaches $4 Bn ARS Deal with New York (Aug. 22, 2008)
Merrill Lynch says it has reached a global resolution with the New York attorney general and state securities regulators to resolve issues related to sales of auction-rate securities. The firm also re
Morgan Stanley Agrees to ARS Buy-Back Deal, Fines (Aug. 14, 2008)
New York Attorney General Andrew M. Cuomo has announced another series of agreements to provide liquidity to consumers who purchased auction rate securities. Under the latest agreements, Morgan Stanle