how were institutional investors supposed to do due diligence, when the stock brokers, banks and investment bankers were lying about the liquidity? How does that work? We are about to change the rules, and this is about to get real ugly. It's also high time US citizens see how worthless the US Securities & Exchange Commission was, and continues to be. Change? What change?
Washington, DC (PRWEB) July 9, 2009
For over 16 months Americas Watchdog's Wall Street Fraud Watchdog has been doing everything in its power to assist victims of the auction rate securities con job that involved up to $330 billion. The Wall Street Watchdog is now offering to help both retail and institutional investors, whose investment has either been diminished, frozen, or both.
According to the Wall Street Fraud Watchdog, "when it comes to auction rate securities we are taking off the gloves for institutional investors and/or retail victims, conned in what we consider to be the worst case a fraud in US history." The group goes onto say, "retail customers were rarely, if ever, even given a prospectus, and institutional clients were simply lied to about these so-called cash equivalents. We now have information that one really big bank, that has yet to settle, knew that auction rate securities were a risky investment as far back as November 2007--and we are going to war." Victims of the auction rate securities debacle are encouraged to call the Wall Street Watchdog anytime at 866-714-6466, or contact them via their web site at Http://WallStreetFraudWatchdog.Com
So who are the victims?
- Mom and Pop small investors
- Church groups
- People who had just sold their home
- Small businesses
- Not for profit hospitals
- Charity organizations
- Fortune 500 companies
As a rule when it comes to Wall Street-type investments, institutional investors are on their own. They are supposed to do their own due diligence. The Wall Street Fraud Watchdog is asking, "how were institutional investors supposed to do due diligence, when the stock brokers, banks and investment bankers were lying about the liquidity? How does that work? We are about to change the rules, and this is about to get real ugly. It's also high time US citizens see how worthless the US Securities & Exchange Commission was, and continues to be. Change? What change?" Institutional or retail customers duped in the auction rate securities con job should call the Wall Street Fraud Watchdog at 866-714-6466, or contact the group via its web site at Http://WallStreetFraudWatchdog.Com.
Note to Wells Fargo, Oppenheimer, Raymond James & E-Trade from the Wall Street Fraud Watchdog: "At a minimum, now would be a really good time to settle with your retail clients, still holding auction rate securities, that you sold them as same as cash, prior to February 2008."
Institutional, or retail victims of the auction rate securities disaster are encouraged to call the Wall Street Fraud Watchdog anytime at 866-714-6466, or contact the group at Http://WallStreetFraudWatchdog.Com.
Americas Watchdog's Wall Street Fraud Watchdog is trying its best to protect innocent US investors from Wall Street greed and inept federal or state regulatory agencies. The group says, "perhaps its time to bring back Elliot Spitzer to run the SEC. We think if America gave him a second chance he would protect all US investors better than any SEC Chairman in US history."
Special Note To Wall Street: Stop trying to sell unsuspecting investors tax free municipal bonds. "The Wall Street Fraud Watchdog expects a crash in tax free municipal bonds because of diminished property tax revenues, sales tax revenues, income tax revenues, and a national unemployment rate that will be close to 12% by year's end. Our advice to investors--go to cash and watch the carnage, don't participate in it."
Note To The Obama Administration and The Nancy Pelosi Congress: According to the Wall Street Fraud Watchdog, "your Administration will not restore the US economy with an ACORN approach to fiscal policy. If you really want to see a dramatic improvement in the US economy, lower all taxes on all Americans--including those you call rich, and for the next 24 months eliminate all capital gains taxes. The private sector will bring back the US economy. Hiring more state, or federal employees will not."
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