Auction rate securities: Meeting the challenge

Download Auction rate securities: Meeting the challenge

Litigation and regulatory action resulting from the ARS market is here and likely to increase - Class action lawsuits, commercial disputes, and arbitration claims all have been filed. Regulatory bodies have opened inquiries. States Attorney Generals have initiated investigations. The extent of legal actions and disputes is just beginning.

Firms should proactively respond. The current focus should be on understanding one's own business practices and other relevant factors, especially around the sales and marketing of auction-rate securities.