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Reuters: July 23, 2008
TEXAS WEIGHS SUSPENDING UBS DUE AUCTION RATE LOSSES
Texas is considering at least partly suspending UBS AG from acting as a securities dealer in the state until Texans who invested in auction rate paper get their money back, the state securities board said in a notice filed late Tuesday...
Wall Street Journal: July 23, 2008
CUOMO READIES UBS CIVIL SUIT
New York state Attorney General Andrew Cuomo is making preparations to file civil securities-fraud charges against UBS AG, possibly as early as this week -- the first of several cases that could grow out of New York's investigations into the auction-rate-securities market and another blow for the industry and UBS...
Investment News: July 17, 2008
Wachovia office searched for ARS docs
Securities regulators from more than five states raided the St. Louis headquarters of Wachovia Securities LLC, seeking documents and records related to the company’s sale of auction rate securities...
Wall Street Journal: July 9, 2008
Auction-Rate Probe Grows Over Clarity From Brokers
Federal prosecutors, ramping up criminal probes stemming from the credit crunch, are investigating whether two former Credit Suisse Group brokers lied to investors about how they placed their money into short-term securities, according to people familiar with the matter...