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HomeOppenheimer: Do the Right Thing, Redeem Your Auction-Rate Securities
Posted by Larry Doyle on June 30th, 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!!!
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
ARS Investors Targeting Andrew Cuomo
Posted by Larry Doyle on May 13th, 2010 7:30 AM |
I know fraud when I see it. I also know a miscarriage of justice when I see it. The manner in which auction-rate securities were distributed was a fraud. The manner in which this fraud has been largely adjudicated has been a massive miscarriage of justice. No miscarriage has been greater than that laid at the feet of those auction-rate securities investors who purchased ARS from Oppenheimer and Company.
In true American patriotic spirit, these ARS investors are not taking this injustice sitting down. I have never owned an auction-rate security, but I welcome joining their fight and highlighting their cause. On that note, Andrew Cuomo should watch out. A group of Oppeneheimer ARS investors just released the following statement: (more…)
