Brokerage practices draw criticism

ByCAG Staff - s.h.

Wall Street firms may have led their own brokers to believe auction-rate securities were safer than they really were, by labeling them as cash investments and failing to warn brokers of their risks, according to customer records and interviews.

By Beth Healy

https://archive.boston.com/business/markets/articles/2008/06/17/brokerage_practices_draw_criticism/