All Auction Rate Securities Victims Should Call Americas Watchdog About Possible Consequential Damages

Share Article

For eleven months, Americas Watchdog & its Wall Street Fraud Watchdog have been trying to help all victims of the auction rate securities disaster. On February 14th 2008 the auction rate securities markets collapsed, and were frozen. Since that time some of the largest sellers of auction rate securities have settled with state regulators and the retail customers have been offered their money back. According to the Wall Street Fraud Watchdog, "there is one very big problem. The settlements or proposed settlements may not cover legal bills, business losses, or business interruptions due to illiquid auction rate securities, tax penalties, or other losses, due to the frozen auction rate securities markets." Auction rate securities were sold to consumers and businesses as just like cash, liquid, no risk, etc. The Wall Street Fraud Watchdog says," it was a lie, and banks, stock brokers and banks investment advisors should be forced to pay the real costs back to the auction rate securities victims. We want to hear from every auction rate securities investor who had legal or other costs associated with the auction rate securities debacle. Auction rate securities victims can call the Wall Street Fraud Watchdog anytime at 866-714-6466, or they can contact them via their web site at Http://WallStreetFraudWatchdog.Com

News Image
Make sure you talk with a securities arbitration law firm. The Wall Street fraud Watchdog can suggest firms to call. FINRA is allowing for conseuqential damages.

Americas Watchdog & its Wall Street Fraud Watchdog have been fighting for auction rate securities victims for eleven months. While there have been settlements involving some of the biggest sellers of auction rate securities, many sellers have yet to settle, or to make things right for the over 145,000 victims. Even worse, many to most of the announced settlements do not include consequential damages.

What are consequential damages? In the case of auction rate securities, consequential damages could include business losses, hefty legal bills, income tax penalty's, real estate earnest money losses, etc. According to the Wall Street Fraud Watchdog, "we think auction rate securities victims should not only get their money back, but they should also get their expenses, and or costs associated with being cheated on a financial product, that was anything but safe, liquid or just like cash." Any auction rate securities victim that has yet to receive a settlement, or any victim, who has incurred additional costs and expenses, as a result of the frozen auction rate securities disaster can call the Wall Street Fraud Watchdog at 866-714-6466, or contact them via their web site at Http://WallStreetFraudWatchdog.Com

Auction Rate Securities Update:

  •      Wells Fargo is in talks with Washington State regulators about their role in selling auction rate securities
  •      Oppenheimer is in talks with Massachusetts State regulators about their role in selling auction rate securities
  •      Raymond James & E-Trade are the subject of numerous class action lawsuits over auction rate securities
  •      There are scores of smaller banks or brokerage firms that sold auction rate securities to unsuspecting victims. "There are thousands of victims in the small bank or small stock brokerage firm category, that will be left sitting on the curb, unless they decide to fight to get their auction rate securities money back."

Important Note: If you are a auction rate securities victim, you might want to obtain legal advice before you agree to a release, or waiver of your rights, before you accept a settlement. "Make sure you talk with a securities arbitration law firm. The Wall Street fraud Watchdog can suggest firms to call. FINRA is allowing for conseuqential damages." Thousands of auction rate securities victims may have suffered substantial consequential damages. Any auction rate securities victim who suffered any sort of damages related to the purchase of frozen auction rate securities should call the Wall Street Fraud Watchdog anytime at 866-714-6466 or contact them via their be site at Http://WallStreetFraudWatchdog.Com

According to the Wall Street Fraud Watchdog, "not one auction rate securities victim did not go through hell over this disaster. We continue to believe that the auction rate securities debacle is the worst case of fraud in US history, and we want to help people who had expenses ,or costs get their money back." Auction rate securities victims can call the Wall Street Fraud Watchdog anytime at 866-714-6466 or contact them via their web site at Http://WallStreetFraudWatchdog.Com

The Wall Street Fraud Watchdog is all about investor protection and Wall Street integrity.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

THOMAS MARTIN