Corporate and Securities Alert: Auction Rate Securities - Recent Settlements With SEC and Other Regulators


On August 7 and 8, the Securities and Exchange Commission announced settlements with Citigroup Global Markets and UBS Securities LLC and UBS Financial Services Inc. These settlements appear to pave the way for retail and institutional customers to recoup their investments in auction rate securities (?ARS?) that had effectively been frozen since the beginning of the year.

Please see full alert for more information.

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