In February, the $300 Billion dollar Auction Rate Securities market collapsed. Bids for these securities disappeared, and with no one interested in buying them, they have essentially become worthless. Now, thousands of investors—who were told these securities were as safe and as liquid as cash—are left holding the bag.
The James Hoyer Law Firm is investigating the actions of the Wall Street Investment Firms that issued these securities and the brokers who sold them. Both received hefty fees, but, investors say, failed to warn them of the significant risk.
If you are an investor who was told buying Auction Rate Securities was essentially risk free, we want to talk with you. Please fill out the form below for a no-cost consultation about your experience.
Also, if you are a former Wall Street Employee or broker who sold these securities, please call 1-800-651-2502 or fill out the form below, and one of our experienced attorneys or investigators will contact you.
