auction rate securities

Wells Fargo Broker Accused of Stealing From Elderly Client

January 24, 2012

Another sad story about a stockbroker taking advantage of an elderly client.  According to Forbes, Ralph Edward Thomas Jr. of Baltimore misused his elderly client’s funds in a number of ways, including: Between June 2006 and May 2009, without permission, and through forgery, Thomas initiated three mortgages in the name of KL on her personal […]

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SunTrust Fined for Auction Rate Securities Practices

July 31, 2011

According to the Securities Law Prof Blog, FINRA fined SunTrust in connection with its sales of auction rate securities.  The blog reports that: SunTrust RH and SunTrust IS used advertising and marketing materials that were not fair and balanced, and did not provide a sound basis for evaluating all the facts about purchasing ARS. Specifically, the […]

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