|
DO NOT GET RIPPED OFF TWICE
When you can get your money back with
L. STEVEN GOLDBLATT
MOHELA &
AUCTION RATE SECURITIES IN MISSOURI
30 DAY RESCISSION MONEY BACK AT 8% WITHIN 30 DAYS UNDER
RSMO 409.005.510
FREE CONSULTATION
SOME CLASS ACTIONS WILL TAKE 5 YEARS WITH HUGE FEES APPEALS
POTENTIAL CONFLICT IN ALL CLASS ACTIONS
IF YOU HAVE OVER $10,000
IN AUCTION RATE
SECURITIES
CALL NOW
In 2003, competent financial analysts warned of a liquidity risk to these securities. In 2005 the financial accounting standard board (FASB) and the big four accounting firms ruled that auction rate securities were not cash equivalents, yet securities firms and brokers continued to sell over 8-billion representing these securities are like cash. As predicted, these securities are toxic liquidity traps. In 2006 the 8 biggest brokerage firms entered into a consent order with the SEC regarding misleading sales and bid rigging.
Current class actions filed have conflicts as thousands of issuers have hundreds of bond and note issues. There are different interest rate yields, different maturity rates, different default rates and triggers, and different insurance for each issue for each issuer. Class actions will take years to certify and a rescission demand in Missouri pursuant to RSMO 409.005.510 makes the respondent pay in 30 days plus interest at 8% from the time of purchase. By making an individual claim you could have your money back in 30 days or be in the front of the line with NASD arbitrations. My record of NASD arbitrations is publicly available at www.nasdr.com.
As some issuers or brokers or insurers may become insolvent, can you afford to wait at the back of the line or get to the front of the line? Call Steve Goldblatt at 314-288-8445 now. | 
