Sense on Cents

Sense on Cents has been happy to provide a forum for auction-rate securities holders in general. On a more specific note, Sense on Cents has generated significant ARS interest from individuals remaining engaged with Oppenheimer and E*Trade.

We can now add Raymond James to the list of entities entangled in the auction-rate securities cesspool. While I am not in a position to pass judgment on the merits of every specific ARS client’s situation, the simple fact is so many of these situations are strikingly similar.

I am heartened that Sense on Cents has not only been able to provide moral support to many ARS holders but has also been able to pass along meaningful information in the process.  In this spirit, I am compelled to highlight two comments left here Monday by an individual who remains frozen in ARS sold by Raymond James. While reading these comments, put yourself in this writer’s position. The fact is this writer and virtually every ARS investors are connected. I hope my highlighting his comments can help bring this individual and many others both moral and real support.

Mark wrote,

August 16, 2010 at 2:31 PM

I have ARS tied up with Raymond James. Can we talk about the unbelievable stance they have taken with these. Mine are ARS backed by Jefferson County Alabama. I have what may be an unusual case in that my advisor is backing me 100% and actually left Raymond James over the ARS problems. He will work with us and provide any information we may need. Please contact me.

Mark also wrote,

Anyone wanting to share information on Raymond James and auction rate securities that were sold to them by RJ please post a comment and I will email you. I am stuck in ARS backed by Jefferson County sold to me by RJ. I would like to share my info and see if it may help others and the same from anyone else stuck with this position.

If anybody cares to get in touch with Mark or vice versa, Sense on Cents is happy to serve as the conduit.

People helping people.

Larry Doyle

Related Sense on Cents Commentary
Sense on Cents/Auction Rate Securities

In the spirit of full disclosure, I have no affiliation or business interest with the individual referenced in this commentary. Additionally I have never owned an auction-rate security. As President of Greenwich Investment Management, an SEC regulated privately held registered investment adviser, I am merely a proponent of real transparency within our markets so that real investor confidence and investor protection can be achieved.

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This entry was posted on Wednesday, August 18th, 2010 at 7:23 AM and is filed under ARPS, ARS, Auction Rate Securities scandal, General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.