Auction Rate Securities (ARS) are long term bonds or preferred stock with variable interest rates and yields. ARS have often been marketed by brokerage firms as a safe, liquid alternative to Money Market Funds. Investors believing that they had a safe, liquid investment, for either the short or long term, may have been exploited by the brokerage firms for lack of disclosure regarding the reality of these securities becoming illiquid or frozen.
Types of ARS Investments We Can Help You With
Types of ARS investments include Taxable Closed-End Funds, Municipal Closed-End Funds, Municipal Insurers, Student Loans, and Collateralized Debt Obligations (CDO).
To help us evaluate whether you have a claim regarding “Auction Rate Securities”, call The Bernstein Law Firm, at (858) 505-8000, or contact us for a free initial consultation with a Miami lawyer.