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SEC Announces Auction Rate Securities Settlements


by Amy Y. Yeung View Biography
Wilmer Cutler Pickering Hale and Dorr LLP View Firm Credentials
Washington Office

August 29, 2008

Previously published on August 2008

The SEC recently announced several preliminary settlements in principle with certain brokerage firms pertaining to auction rate securities. Each plan includes providing liquidity to certain purchasers of auction rate securities.


 

The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.




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