http://pay-day-uk.com/reklama/
Cuomo says the banks have and will continud to provide liquidityto investors. Last October, agreexd to buy back as much as $4.7 billiohn in auction-rate securities it sold to abouf 5,500 investors, small businesses and small charities beford the market collapsed inFebruary 2008. According to the Securitiess andExchange Commission, the settlement also requiredf BofA to “use its best to provide up to $5 billionn in liquidity to businesses and institutional investore with accounts valued at $15 million or more, and charities with accounts valued at $25 million or The agreement resolved allegations that securities dealer made misrepresentations to customers during salez of auction-rate securities abour their safety and Auction-rate securities have interesgt rates that are reset at weekly or monthly auctions run by investment firms.
The $330 billion market collapsed last when investors became alarmed at the prospectas of the ability of corporatw borrowers covering debt service onthe securities. Many were left with securitiesz they could not sell intothe market. Charlotte-basedf BofA (NYSE:BAC) neither admitted nor denied The SEC also has finalized a settlemen t with BofA overthe securities.
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