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Today is Tuesday, February 9, 2010 at
-
Countdown to Market Close:
Reuters – New York Attorney General Andrew Cuomo , probing illegal marketing and sales of auction rate securities (ARS), is likely to file a lawsuit on Monday against Charles Schwab CorpSCHW .O) for civil fraud, the Wall Street Journal
As a part of the lawsuit, Cuomo will likely present transcripts of recordings between Schwab brokers and customers that allegedly show how the ARS were misrepresented by brokers as easy-to-sell alternatives to cash, according to the paper.
Read Complete Article
Tags:
attorney-general-andrew-cuomo ,
auction-rate ,
charles schwab ,
charles schwab corp ,
civil fraud ,
marketing ,
new-york-attorney-general ,
new-york-attorney-general-andrew-cuomo ,
reuters ,
schw ,
Syndicated ,
transcripts ,
wall street ,
wall-street-journal ,
york-attorney-general-andrew-cuomo
Related posts
Tags: attorney-general-andrew-cuomo , auction-rate , charles schwab , charles schwab corp , civil fraud , marketing , new-york-attorney-general , new-york-attorney-general-andrew-cuomo , reuters , schw , transcripts , wall street , wall-street-journal , york-attorney-general-andrew-cuomo
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