Category: Charles Schwab
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Update on the Charles Schwab ARS fraud case appeal
A significant number of visitors to my blog come here after searching Google for information on the Charles Schwab auction-rate security fraud case that has been slowly — very slowly — making its way through the New York courts. There are thousands of people affected by this case. You can read my previous posts about this…
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Charles Schwab ARS case: New York state soldiers on
I’ve always been proud of the fact that I was born in New York — on Riverside Drive on the Upper West Side, to be exact. New Yorkers are, among other things, tenacious. And that stick-to-it-ness means that, despite a judge’s dismissal of its auction-rate securities fraud suit against the goniffs at Charles Scwhab in…
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Was Charles Schwab a simpleton when it came to auction rate securities?
Tomorrow, July 21, 2011, yet another court appearance will take place in the long-running case People of the State of New York vs. Charles Schwab & Co., Inc. (WebCivil Supreme index 453388/2009). Having convinced its lap-dog regulator FINRA to look the other way, the only thing left between getting away with auction rate securities fraud and having…
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Justice for Charles Schwab’s ARS victims? Adjourned.
If you’ve been following my blog on the Charles Schwab auction rate security (ARS) fraud case in New York State Civil Supreme Count (just click the “Thieves” menu at the top of the page to read my previous posts on this subject), you know I’ve been watching the court case closely. I’ve been hoping since…
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Follow the Charles Schwab ARS case in NY online
If you, like me, have been sold auction rate securities by Charles Schwab, you know they have refused to buy them back or make good on them. You probably also know that in 2009, then New York Attorney General Cuomo filed suit against Charles Schwab for a long list of violations of securities laws. You…
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Is FINRA Charles Schwab’s concubine?
Have you ever had a problem with a huge company that tries to “make you go away” by stonewalling and ignoring you? That’s what Charles Schwab has been trying to do since it sold me auction rate securities in 2008 on the day before markets froze. They had to have known when they took the…
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Federal judge to Charles Schwab: pound sand
It’s no secret I’m angry at Charles Schwab (here and here). And they don’t like me back. In fact, they’ve “fired me,” sending me a letter terminating my accounts with them in February. (What was it, guys? The blog posts? The Boston Globe story? Did I offend you by insisting that you send me written…
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Dear Martha Coakley: maybe now that you want my vote, you’ll respond to my letter about “accountability”
I’ve really had my fill. I’m up to here (picture my hand patting my chest just below my neck) with the claims Martha Coakley is making about bringing “real accountability back to Wall Street and Washington.” The Attorney General is talking, in part, about the settlements she negotiated in the auction rate security scandal. Watch the ad she’s…
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Charles Schwab’s lies are (finally) gonna land it in court
It felt so good to unload two weeks ago on Charles Schwab for lying about the safety and liquidity of auction-rate securities they sold me. Blogging as catharsis is underrated, especially if you have as much tied up as I do in these now illiquid ARSs. As I pointed out in my previous post, just…
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NY AG to pwn Charles Schwab; get me and thousands of other dupes our pound of flesh
The short version of a long story is that Charles Schwab sold me auction-rate securities, promising liquidity, then stonewalled me when the market disappeared for the ARSs. Meanwhile, every other firm on the planet — and I mean every one — made their clients whole. Goldman Sachs, the auction agent for the ARSs I bought:…