auction rate securities

Schwab (SCHW) has a squeaky clean image. Charles Schwab has run the firm he founded for decades, except for a brief period when the company was owned by another financial operation. But Schwab has always been the public face of his company, which has a current ad campaign called "Ask Chuck." This...

Charles Schwab & Co. (SCHW) decided to take a stand and fight New York Attorney General Andrew Cuomo over how it marketed auction-rate securities. Many others have already settled, as TD Ameritrade did today. Citigroup (C), UBS (UBS) and Goldman Sachs (GS) settled last year. Auction rate...

It was a year ago today the world first became aware of Auction Rate Securities (ARS). That was when people who thought their money was in something safe, like a money market fund used to be, found out their funds were frozen. And although some have gotten back their money, there are still people...