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Oppenheimer: Do the Right Thing, Redeem Your Auction-Rate Securities

Posted by Larry Doyle on June 30, 2010 5:14 PM |

Q: Which full-service brokerage firm has NOT redeemed their clients stuck in auction-rate securities for the past 28 months?

Goldman Sachs, Morgan Stanley, Citigroup, Wachovia, Bank of America, Oppenheimer, TD Ameritrade, Fidelity, Merrill Lynch, UBS?

A: Oppenheimer & Company is the only one of these institutions that has not redeemed their private clients’ Auction-Rate Securities that were fraudulently marketed as “just like cash.”

OPPENHEIMER: DO THE RIGHT THING!!!

On behalf of auction-rate securities investors everywhere, I am happy to run this ad here at Sense on Cents!! This specific ad was submitted by a group of Oppenheimer clients.

LD






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