Discussion Posts

    • Thinking About Wachovia? Wachovia Securities Raided in Auction Rate Probe

      • Posted by finadvnj
      • on July 17, 2008 1:29 PM EDT

      Reuters
      Wachovia Securities raided in auction rate probe
      Thursday July 17, 11:57 am ET
      By Carey Gillam


      KANSAS CITY, Missouri (Reuters) - Securities regulators from several U.S. states raided the St. Louis headquarters of Wachovia Securities on Thursday as part of a broad investigation into questionable practices involving auction rate securities, Missouri officials said.

      http://biz.yahoo.com/rb/080717/wachovia_probe.html
       
    • Re: Thinking About Wachovia? Wachovia Securities Raided in Auction Rate Probe
      • Posted by finadvnj
      • on August 15, 2008 4:41 PM EDT

      AP
      Missouri announces agreement with Wachovia
      Friday August 15, 12:47 pm ET
      By Jim Salter, AP Business Writer  Wachovia to buy back $8.5 billion in auction rate securities nationwide

       

      ST. LOUIS (AP) -- The "nightmare" is over for thousands of investors whose money was tied up in auction-rate securities purchased through Wachovia Corp., Missouri Secretary of State Robin Carnahan said Friday in announcing an $8.5 billion settlement with the company.
      http://biz.yahoo.com/ap/080815/wachovia_mo.html