MIAMI, Fla., Feb. 14, 2008 (PRIME NEWSWIRE) -- The securities law firm of Dimond Kaplan & Rothstein, P.A. (http://www.dkrpa.com) announced today that it is investigating claims involving investment losses in auction-rate securities ("ARS"). Among the broker-dealers that have sold auction-rate securities are Lehman Brothers, Goldman Sachs, Merrill Lynch, Citigroup, UBS, and Morgan Keegan.
Auction rate bonds, auction rate preferred securities, and auction rate closed-end funds often are represented to be safe, low-risk, liquid investments. But the future liquidity of auction rate securities is difficult to determine. If credit market conditions become volatile, auction rate securities could be very difficult to sell or even value, thereby subjecting investors to significant risk of loss. Apparently recognizing the risk of such securities, banks and broker-dealers recently have refused to invest their own money in auction rate securities.
Dimond Kaplan & Rothstein, P.A. is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases. They have represented investors against most major Wall Street brokerage firms in claims involving stocks, options, variable annuities, hedge funds, mutual funds, bonds, and collateralized mortgage obligations (CMOs). If you suffered securities investment losses, please contact Jeffrey Kaplan, Esq. of Dimond Kaplan & Rothstein, P.A. at (888) 578-6255 or jkaplan@dkrpa.com for a free case evaluation. You also may visit Dimond Kaplan & Rothstein, P.A. on the web at www.dkrpa.com.
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