{"id":4682,"date":"2008-11-19T20:50:45","date_gmt":"2008-11-19T20:50:45","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/11\/nasaa_says_investors_with_froz_1"},"modified":"2022-05-19T13:34:15","modified_gmt":"2022-05-19T18:34:15","slug":"nasaa-says-investors-with-froz-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/nasaa-says-investors-with-froz-1\/","title":{"rendered":"NASAA Says Investors with Frozen Auction-Rate Securities Should Ask Investment Firms About Buyback Opportunities"},"content":{"rendered":"

The North American Securities Administrators Association is reminding investors to ask the investment firms that sold them any now-frozen auction-rate securities about repurchase opportunities. Following the ARS market collapse, securities regulators in 12 US states joined together to form a multi-state Task Force dedicated to finding out whether Wall Street investment firms had misled investors when persuading them to invest in the ARS market.<\/p>\n

As part of their settlement agreements reached with the firms in question, 11 major Wall Street investment banks have said they will buy back over $51 billion in ARS from charities, retail investors, and small companies. However, these repurchase offers may not be available indefinitely.<\/p>\n

NASAA President Fred Joseph says the best way to avail of any redemption offers is to contact the investment firms as soon as possible. So far, 11 firms have agreed in principle to buy back over $50 billion in ARS. NASAA says additional repurchase opportunities are expected to become available in the coming months.<\/p>\n

Investment Firms with ARS Hotlines: <\/strong><\/p>\n

Bank of America<\/a> 1-866-638-4183 Deutsche Bank 1-866-926-1437 Citi<\/a> 1-866-720-4802 JP Morgan<\/a> 1-866-450-8470 Goldman Sachs<\/a> 1-888-350-2857 Merrill Lynch<\/a> 1-888-706-1381 UBS<\/a> 1-800-253-1974 Morgan Stanley<\/a> 1-800-566-2273 Wachovia 1-866-283-794
\nMeantime, more investigations are under way into the sales practices of US firms that marketed and sold auction-rate securities to investors. Unfortunately, many investors who were told ARS were liquid investments are now dealing with frozen securities and cannot access their funds.<\/p>\n

If you invested in the auction-rate securities industry and your ARS became frozen during the market’s collapse, you may be the victim of securities fraud.<\/p>\n

Related Web Resources:<\/strong>
\nSmall firms caught in ARS buyback vise<\/a>, November 16, 2008 Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The North American Securities Administrators Association is reminding investors to ask the investment firms that sold them any now-frozen auction-rate securities about repurchase opportunities. Following the ARS market collapse, securities regulators in 12 US states joined together to form a multi-state Task Force dedicated to finding out whether Wall Street investment firms had misled investors […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3865,3751,3820,3818,3752,3754,3797,3800,3787,3870,3755,3821],"tags":[],"class_list":["post-4682","post","type-post","status-publish","format-standard","hentry","category-auction-rate-securities","category-bank-of-america","category-citigroup","category-deutsche-bank","category-financial-firms","category-goldman-sachs-1","category-j-p-morgan-chase","category-merrill-lynch","category-morgan-stanley","category-nasaa","category-ubs","category-wachovia"],"yoast_head":"\nNASAA Says Investors with Frozen Auction-Rate Securities Should Ask Investment Firms About Buyback Opportunities — Investor Lawyers Blog — November 19, 2008<\/title>\n<meta name=\"description\" content=\"The North American Securities Administrators Association is reminding investors to ask the investment firms that sold them any now-frozen auction-rate — November 19, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/nasaa-says-investors-with-froz-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NASAA Says Investors with Frozen Auction-Rate Securities Should Ask Investment Firms About Buyback Opportunities — Investor Lawyers Blog — November 19, 2008\" \/>\n<meta name=\"twitter:description\" content=\"The North American Securities Administrators Association is reminding investors to ask the investment firms that sold them any now-frozen auction-rate — November 19, 2008\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NASAA Says Investors with Frozen Auction-Rate Securities Should Ask Investment Firms About Buyback Opportunities — Investor Lawyers Blog — November 19, 2008","description":"The North American Securities Administrators Association is reminding investors to ask the investment firms that sold them any now-frozen auction-rate — November 19, 2008","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/nasaa-says-investors-with-froz-1\/","twitter_card":"summary_large_image","twitter_title":"NASAA Says Investors with Frozen Auction-Rate Securities Should Ask Investment Firms About Buyback Opportunities — Investor Lawyers Blog — November 19, 2008","twitter_description":"The North American Securities Administrators Association is reminding investors to ask the investment firms that sold them any now-frozen auction-rate — November 19, 2008","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/nasaa-says-investors-with-froz-1\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nasaa-says-investors-with-froz-1\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"NASAA Says Investors with Frozen Auction-Rate Securities Should Ask Investment Firms About Buyback Opportunities","datePublished":"2008-11-19T20:50:45+00:00","dateModified":"2022-05-19T18:34:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nasaa-says-investors-with-froz-1\/"},"wordCount":330,"articleSection":["Auction-Rate Securities","Bank of America","Citigroup","Deutsche Bank","Financial Firms","Goldman Sachs Group, Inc","J P Morgan - 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