When the collapsed Auction Rate Securities (ARS) market gets personal

No Money No Ducks is obviously the same person as Whistling in the dark. Same insane political rambling and poor grammar and spelling. He also goes by Racoon and sounds dangerously unstable.

But it's better to have a crazy on here than nobody. Oppenheimer victims are not out. There is a NY settlement that pays us back 25K - 50K every six months, so it's getting there for many of us. E trade hasn't done anything. Bill Gross hasn't done anything except make a terrible prediction about bonds that cost him his rep.

Arbitrations are still going either way. Some win/some lose. The fair weather idiots like Harry newton have bailed on us. Bernanke holding interest rates at zero for 2 years is terrible news for us. What a terrible mess George W. Bush got us into with his lack of regulatory policy.

Wrong idiot, I've been posting on this site under the same name for 2 plus years. Unbutton your skirt and put some Judy Garland on. Unlike you and Dear Kathy, I was trying to get a**wipes like you off your political dogma.

Dear Kathy here. Still here, three years after I got out, because I continued posting information to help others. You, however, just continue your vendettas. I am sorry you live in that consciousness, but other than that, I do not care.

No Money No Ducks,

You're a right wing nut, barely literate moron. I never get a bigger laugh than when I scroll through your old posts and count the spelling & grammatical errors. Re: your Judy Garland reference: I'm a Vietnam Vet, fought in a platoon that had a 60 percent casualty rate. I've been awarded medals for bravery. How many medals do you have?

Now shut up and sit in the corner. Save your energy, I'm sure you have to get up at 4 a.m. to go to work at the plant. There are still people like BDR and Ed and others who have not received even half their money back. We should be working to help them.

Anyone who would come on here after they've been redeemed to bully those who still don't have their money is mentally ill. You, Ducks, are mentally ill. Disturbed and dumb is no way to go through life.

Now I'm going back to work helping those who need the help.

In case you think FINRA works for you, think again. Brokers, whose records are besieged by complaints by ARS victims, find comfort in FINRA rulings for them.

http://www.cnbc.com/id/44461172/COMPLY_Broker_quashes_clients_auction_rate_complaints

"The auction-rate securities market remains a headache for many brokers, and a time-bomb for those whose public disclosure records are tainted by complaints from aggrieved investors. A recent arbitration ruling from the Financial Industry Regulatory Authority, however, offers some hope for scores of advisers being blamed by clients for sales of the now-illiquid securities. The case also is drawing attention because the broker's employer, now part of Wells Fargo Advisors, offered key supportive testimony to the broker's defense..."

But at least this says that complaints against brokers have an impact.

Aloha, I am still here and still living in a tent! I am trying to get the interview from the state on what our FA told them as he mentioned that he seemed like a liar!
I have't posted anything because there isn't anything I feel I can add that is worthy.
So Oppenscammer is still redeeming? I keep reading of breakthroughs as I have it on my email alert but it just seems like b.s.
Hope all is well.
Mikaele

In the "surprise" column: Raymond James is refinancing $10 million in Alabama:

http://blog.al.com/businessnews/2011/09/alabama_securities_commission_17.html

Oppenheimer is redeeming one share per account every six months.

Save your energy, I'm sure you have to get up at 4 a.m. to go to work at the plant.

Oh I see Jerry. You're a typical limousine liberal. Nothing like seeing the "true colors" of a liberal (I'm sorry Progressive) come out when their skirt gets in a bunch.

Good job in Nam loser.

Let's see if you can correct this spelling?

Fuk U!

The ARS banking players are turning on each other:
http://www.indisputably.org/?p=2733

Second Circuit expands FINRA’s arbitration jurisdiction
September 23rd, 2011 · No Comments

In a decision with potentially far-reaching importance for the scope of permissible arbitrations in FINRA’s dispute resolution forum, the Second Circuit held yesterday that an issuer who purchases auction-facilitating services for its auction rate securities from a broker-dealer is a “customer” of that broker-dealer within the meaning of FINRA Rule 12200. See UBS Financial Services Inc. v. West Virginia University Hospitals Inc., Docket No. 11-235-cv (Sept. 22, 2011). (The court also decided that FINRA arbitrators should decide the enforceability of a forum selection clause in the parties’ arbitration agreement.) This was a closely-watched case in the securities arbitration world, as both the Public Investors Arbitration Bar Association and the Securities Industry and Financial Markets Association filed amici briefs.

Thanks bdr!
As I was left with nothing I had to go the secondary route.
I guess this means I am last in line. ( for being the most broke)? Go figure.
Any idea as to how long that would be? Opp only sent me the blanket form with no timeline after the state regulator told them to. Not on their own. Evil!!

Interesting article by Suzanne Barlyn about state regulators' success in getting ARS money back:

http://www.newsdaily.com/stories/tre79i66r-us-state-securities/

State regulators of the NASAA (North American Securities Administrators Assoc.) returned $12 billion to investors in 2010.

These are pretty much the only regulators who have done anything for ARS victims.

E*Trade Settles!!!!!!

http://www.nasaa.org/7015/state-securities-regulators-announce-settlement-with-etrade-in-auction-rate-securities-investigations/

Now let's see what the timeline is....

Congrats to all E*Trade victims.

Let's focus our energy on Oppenheimer & Co. now, last bastion of ARS evil.

This is what FINRA is doing about auction rate securities fraud: NOTHING.

http://online.wsj.com/article/SB10001424052970203537304577028403119624764.html

"A regulatory panel handed Thomas Weisel Partners and one of its former executives a near-complete victory in a case involving allegations that they improperly "stuffed" $15.7 million of auction-rate securities into client accounts just before the market crashed in 2008."

FINRA, you continue to serve as an example of why the financial industry isn't qualified to regulate itself.

About damn time the corporations stuck in ARS started suing the banks.

http://newsandinsight.thomsonreuters.com/Securities/News/2011/12_-_December/Comverse_sues_BofA_over_auction-rate_debt/

"Bank of America Corp's Merrill Lynch unit was sued on Wednesday by Comverse Technology Inc, which alleged fraud over the sale of tens of millions of dollars of auction-rate securities in 2006 and 2007..."