{"id":194921,"date":"2008-08-08T17:38:00","date_gmt":"2008-08-08T22:38:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/08\/ubs-settles-on-auction-rate-securities-boa-hit-with-subpoenas\/"},"modified":"2008-08-08T17:38:00","modified_gmt":"2008-08-08T22:38:00","slug":"ubs-settles-on-auction-rate-securities-boa-hit-with-subpoenas","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/08\/ubs-settles-on-auction-rate-securities-boa-hit-with-subpoenas\/","title":{"rendered":"UBS Settles on Auction Rate Securities; BoA Hit with Subpoenas"},"content":{"rendered":"<p>UBS has <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=a7K5TOB799HI&amp;refer=home\">settled with the states of Massachusetts and New York<\/a>, and agreed to buy $19.4 billion in auction rate securities at face value, and pay $150 million in fines.<\/p>\n<p>Meanwhile, <a href=\"http:\/\/www.reuters.com\/article\/governmentFilingsNews\/idUSWEN737720080807\">Bank of America has received subpoenas from the SEC and other agencies<\/a> on <span style=\"font-weight:bold;\">its<\/span> ARS activities.<\/p>\n<p>Financial &#8220;innovation&#8221;, the gift that keeps on giving.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UBS has settled with the states of Massachusetts and New York, and agreed to buy $19.4 billion in auction rate securities at face value, and pay $150 million in fines. Meanwhile, Bank of America has received subpoenas from the SEC and other agencies on its ARS activities. Financial &#8220;innovation&#8221;, the gift that keeps on giving.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,972,985],"tags":[],"class_list":["post-194921","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-justice","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194921"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194921"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194921\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}