Washington, DC (PRWEB) July 7, 2008
The renown national consumer group has been leading a national investigation and at the same time assisting auction rate securities victims with high quality help and assistance for nearly five months. The group is encouraging all US victims of the auction rate securities disaster to call them for some ideas about how to proceed, out of fear that doing nothing could include disastrous results. Americas Watchdog has come up with some items to do and items not to do,with respect to auction rate securities victims.
- The most important thing to do, all auction rate securities victims should call Americas Watchdog at 866-714-6466 for an honest assessment as to what they should do. Americas Watchdog's phone number is 866-714-6466 & their web site is located at Http://ARSWatchdog.Com
Here is Americas Watchdog's list of thing not to do:
- 1. If your stock broker or banker is telling a ARPS or ARS victim that, "everything will be ok", Americas Watchdog considers it a lie. To prove the point Americas Watchdog encourages auction rate securities victims to have the stock broker or US banker to put it in writing. (it will not happen)
- 2. Do not get involved in a auction rate securities class action. According to Americas Watchdog, "unless you are going to be happy with $0.10 (ten cents on the dollar) do not get involved in a class action".
- 3. Don not get involved with a law firm unless they can prove they have years of securities arbitration experience. According to Americas Watchdog," two weeks ago, a woman called us and told us that she had given her divorce attorney $50,000, as a retainer fee. The attorney; who has it turns out is 27 years old, has never done an arbitration, and has no knowledge of securities law. He was going to call Citi Banks CEO to work things out". Translation: Americas Watchdog is begging auction rate securities victims to call them first so they do not get ripped off twice----the second time by a law firm with no securities arbitration law experience. Again the group is emphasizing no individual victim should get involved with an auction rate securities class action law suit.
- 4. Don't pay a lot of attention to the "auction rate securities blogs". Frequently the bloggers are stock brokers or bankers giving false information to consumers. (Google UBS E-Mail related to "Auction Rate Securities"- New York Times)
Very Important Note: Americas Watchdog expects the US economy to get worse. The group is encouraging all auction rate securities victims to go to the Restricted Trading Network to find out what their auction rate securities may be worth right now. According to Americas Watchdog; " we think its very advisable to find out what your auction rate security is worth right now, and sell it. If we are correct, & the economy gets much worse the secondary market will give you less in the future. Before selling consult your legal adviser"
- Call Americas Watchdog for high quality free help and assistance in you are a auction rate securities victim. Auction rate securities victims (ARPS or ARS) can call Americas Watchdog anytime at 866-714-6466 or visit their web site at Http://ARSWatchdog.Com . The group will give all victims the names of honest arbitration law firms along with suggestions related to the secondary market for auction rate securities.
Victims of auction rate securities can call Americas Watchdog anytime at 866-714-6466 or visit their web site at http://ARSWatchdog .
Americas Watchdog is all about consumer and shareholder protection and corporate responsibility.