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Aug 18, 2008 8:47 pm
what's going to happen to the reps of the Firms that have settled with Cuomo? are these reps off the hook if they had  complaints logged against them?   another thing: when are investors going to start accepting resposibilty for their own actions. it's hard to believe that all of these investors were mislead
Aug 19, 2008 1:37 am

If the rep has a complaint against them, and the firm settles and buys back the ARS at par, the complaint will still remain on the reps U-4. The claim will be notated “settled for zero damages”

That is my understanding. In regards to your second question , i have no answer, but as long as we have politicians , attorney generals, etc, looking to pander and make points with voters, there will be no need for investors to take responsibility for their mistakes.
Aug 23, 2008 6:38 pm

Welcome in this forum. Hope you will enjoy discussion and you will give good suggestions to other people also.