Auction Rate Securities Attorneys

What happens if Auction Rate Securities fail?

Auctions fail for many reasons. In recent months auctions have begun to fail due to brokerage firms who have decided not to step in and prevent the auction from failing. If auctions fail, investors are unable to sell the auction rate securities that they have already purchased. While failures of auctions used to be a rare occurrence, the hardships of the credit market have caused auction failures to become much more common. If you invested in auction rate securities and you have been left in auction rate securities that you can not sell, contact an attorney to discuss your legal options. Investors who are now stuck with auction rate securities often invested in them due to false assurances by an investment firm.