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Legal News

: Lawyers and Settlements

From Half a Million to Uncertain Worth with Auction Rate Securities

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San Bernardino, CA: On the advice of a respected broker, Lisa invested a sizeable inheritance into auction rate securities, counting on a healthy return when she was ready to cash them out. That day may never come; the $330 billion ARS market is being devalued and the bonds are increasingly hard, if not impossible, to sell.

Full post as published by Lawyers and Settlements on April 16, 2008 (boomark / email).

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