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Tag Archives: ARS

Balancy sheets…

Friday, November 28, 2008

This is a clip from Aug 12th on Bloomberg News (running time ~~ 4 minutes)… it concerns the auction rate securities markets…analysis by Adam Dean, President of SVB Asset Management and Joe Mysak, Bloomberg columnist…
Mr. Dean talks about the approx $ 200 billion dollars of ARS that the large banks had to bring back on [...]

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Material…non-public…

Tuesday, October 7, 2008

 Yes… there is material, non-public information in the fixed income markets… and the former General Counsel of UBS is paying a big fine today for acting on non-public information to his advantage… from the Securities Law Prof Blog… 
~~~~ ” New York Attorney General Andrew M. Cuomo announced a $6.5 million settlement with David Aufhauser, a top [...]

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Downstream…

Saturday, September 13, 2008

From WSJ.com … ~~”Facing pressure from regulators, Fidelity Investments will buy back an estimated $300 million in auction-rate securities from its customers.
Anne Crowley, a spokeswoman for the Boston mutual-fund giant, said it notified regulators in New York and Massachusetts on Friday that it will repurchase at par value auction-rate securities that were purchased through the [...]

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ARS hearing…

Saturday, September 13, 2008

Financial Service Committee to Hold Hearing on Auction Rate Securities Market
            Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA), today announced that the committee will hold a hearing to review problems and potential resolutions to the auction rate securities market.  Specifically, the hearing will examine the continuing crisis in the markets for [...]

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