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

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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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Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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