Read more auction-rate securities stories on Newserhttp://www.newser.com/taggrid/26364/auction-rate-securities.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 12:18:43 CSThttp://www.newser.com/story/64829/ny-ag-slaps-schwab-with-suit-over-defrauding-clients.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe New York attorney general has told Charles Schwab he will sue the brokerage for civil fraud over its marketing of securities to clients, reports the Wall Street Journal . Andrew Cuomo alleges that Schwab's brokers had little understanding of the financial instruments and then failed to inform clients that the...http://www.newser.com/story/64829/ny-ag-slaps-schwab-with-suit-over-defrauding-clients.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 20 Jul 2009 5:44:27 CDThttp://www.newser.com/story/46246/battle-over-regulation-looms-in-09.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAfter the economic meltdown of 2008, the coming year will see a battle over one of the most politically contentious issues in finance: the regulation of derivatives markets. Some who opposed government oversight before now acknowledge the need for tighter controls. But they face an uphill battle, reports Newsweek , against...http://www.newser.com/story/46246/battle-over-regulation-looms-in-09.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 25 Dec 2008 9:24:22 CSThttp://www.newser.com/story/35507/3-more-wall-street-firms-agree-to-buy-back-securities.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMerrill Lynch, Goldman Sachs and Deutsche Bank have agreed to a settlement with New York's attorney general and other state regulators to buy back $14.5 billion of now worthless auction-rate securities. The brokerages will also pay $162 million in fines to settle charges that they misled investors into thinking...http://www.newser.com/story/35507/3-more-wall-street-firms-agree-to-buy-back-securities.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 22 Aug 2008 2:23:00 CDThttp://www.newser.com/story/35018/cuomo-raises-pressure-on-merrill.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWith Wachovia locked in to buying back $9 billion in auction-rate securities from clients, New York Attorney General Andrew Cuomo has his sights set next on finance titans Merrill Lynch and Goldman Sachs, Bloomberg reports. Cuomo says Merrill faces an "imminent" lawsuit after offering to buy back $10 billion of...http://www.newser.com/story/35018/cuomo-raises-pressure-on-merrill.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 15 Aug 2008 17:12:52 CDThttp://www.newser.com/story/34938/stocks-break-2-day-slump.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks posted solid gains today for the first time in three days as financials rebounded, the dollar gained, and oil fell nearly $1, MarketWatch reports. The Dow rose 82.97 points to close at 11,615.89, the Nasdaq gained 25.05 to 2,453.67, and the S&P 500...http://www.newser.com/story/34938/stocks-break-2-day-slump.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 14 Aug 2008 15:28:25 CDThttp://www.newser.com/story/34764/financials-lead-broad-slump.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks fell today as waves of bad news from the financial sector battered investor sentiment, MarketWatch reports. Equities lost value despite a $1.44 drop in the price of oil, reversing what has recently been a consistent inverse relationship. The Dow fell 139.88 to 11,642.47, the Nasdaq...http://www.newser.com/story/34764/financials-lead-broad-slump.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 12 Aug 2008 15:30:00 CDThttp://www.newser.com/story/34719/morgan-stanley-jpmorgan-on-auction-rate-probe-hot-seat.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAs New York AG Andrew Cuomo's office continues applying heat, banks are scrambling to react to the auction-rate securities crisis, the Wall Street Journal reports. Morgan Stanley said yesterday it will buy back about $4.5 billion of the illiquid securities—but a Cuomo spokesman called the move “too little,...http://www.newser.com/story/34719/morgan-stanley-jpmorgan-on-auction-rate-probe-hot-seat.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 12 Aug 2008 9:46:39 CDThttp://www.newser.com/story/34476/ubs-agrees-to-194b-auction-rate-bond-buy-back.html?utm_source=syn&utm_medium=rss&utm_campaign=tagUBS, pressured by state and federal authorities, has agreed to buy back $19.4 billion in risky auction-rate securities that were widely sold as cash-like and safe, the Boston Globe reports. The market for the securities, which are a type of bond sold by non-profits, art institutions and local governments,...http://www.newser.com/story/34476/ubs-agrees-to-194b-auction-rate-bond-buy-back.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 08 Aug 2008 10:56:55 CDThttp://www.newser.com/story/34408/citigroup-will-buy-back-7b-of-bad-debt-pay-100m-fine.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup has agreed to buy back $7 billion in risky debt it marketed to consumers as safe and equivalent to cash, Reuters reports. Today’s deal, struck with New York's attorney general and the SEC, also requires the bank to pay fines totaling $100 million, and reimburse customers who took a...http://www.newser.com/story/34408/citigroup-will-buy-back-7b-of-bad-debt-pay-100m-fine.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 07 Aug 2008 14:12:45 CDT