Auction-Rate Securities (ARS)

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Harry Newton has excellent coverage of the Auction Rate Securities (ARS) disaster on his web site, www.AuctionRatePreferreds.org, including background, news, resources, and names of real live people to contact about problems people are having with these securities which were improperly marketed as being "just as good (and liquid) as cash."

Many if not most auction rate securities are sold in the form of closed-end funds. Some are referred to as Auction Rate Preferred Stock (ARPS). Some are referred to as Auction Preferred Securities (APS.)

The news is starting to get a little more optimistic, but there is still quite a long way to go before this mess is cleaned up.

Be sure to check out Harry Newton's In Search of the Perfect Investment web site for daily doses of information on all manner of topics related to investment, speculation, trading, finance, economics, and technology and life in general.

Auction-Rate Securities (ARS) are also known as:

• Auction-Rate Shares (ARS)
• Auction-Rate Stock (ARS)
• Auction-Rate Preferred (ARP)
• Auction-Rate Preferreds (ARPS)
• Auction Preferred Securities (APS)
• Auction Preferred Shares (APS)
• Auction Preferred Stock (APS)
• Auction-Rate Preferred Securities (ARPS)
• Auction-Rate Preferred Shares (ARPS)
• Auction-Rate Preferred Stock (ARPS)

-- Jack Krupansky

Updated: April 15, 2008 06:36:15 PM -0400

Copyright © 2008 John W. Krupansky d/b/a Base Technology