Investor Protection: The ARS Blame Game
May 16th, 2008 by
Madelaine Eppenstein
It’s not easy being an ordinary investor in these cynical times. Compliance Week’s May 13, 2008 article by Tammy Whitehouse quotes former SEC commissioner–now Washington lawyer–Roel Campos’ view of the purported “culpability” of investors who are stuck with illiquid auction rate securities which were sold to them as “cash equivalents”:
“The SEC issued a cease-and-desist order in 2006 against a number of broker-dealers to clear up claims of bid rigging and flush out new disclosures, so ‘investors will have a hard time saying they didn’t understand the mechanics.’”
Posted in Securities Arbitration & Litigation


