Let's say you had $50,000 in auction-rate securities that your broker said were as safe as money-market funds. The market collapsed, and you sold at an 80 percent haircut. At your arbitration hearing, one of the three panel members works at a firm that also sold auction-rates deceptively. How fair... -
Arbitration Favors Firms Over Investors
Let's say you had $50,000 in auction-rate securities that your broker said were as safe as money-market funds. The market collapsed, and you sold at an 80 percent haircut. At your arbitration hearing, one of the three panel members works at a firm that also sold auction-rates deceptively. How fair...-
By Jane Bryant Quinn