From: Joe
State: Missouri
Posted: 03/19/2009
Subject: CareerBuilder
Comment: CareerBuilder sues Bank of America over auction-rate securities. The market for so-called "market rate securities" has been frozen for over a year leaving holders of these securities unable to sell them. The allegation is that brokers from many financial institutions (including BOA) did not adequately disclose the nature of these instruments to the client making sure the client understood the risk before the sale was made.
The above comments were authored by users of this web site who are personally responsible for its content. MedLawPlus.com, Inc. has not verified the accuracy of any comment - complaint and does not otherwise endorse the content of same.