Buy and Sell Auction Rate Securities (ARS)
SecondMarket launched its auction rate securities market in February 2008 in response to widespread auction failures. Since then, SecondMarket has emerged as THE secondary market for the approximately $150 billion in outstanding ARS, enabling sellers to achieve liquidity while providing buyers unique investment opportunities.- Coverage includes student loan auction rate securities, auction rate CDOs, auction rate preferred securities and municipal auction rate securities
- Complete anonymity for buyers and sellers
- No heavy lifting for buyers and sellers - our market specialists streamline the process
- 60 second sign up form to apply for FREE access
Contact Us
Kevin C. O'Connor
Managing Director, Auction Rate Securities
koconnor@SecondMarket.com +1 212.668.6672
Market News
Sep 2 2010
New ABS Provision May Be Too Broad — www.bondbuyer.com
- A financial regulatory reform law provision that would require issuers of asset-backed securities to hold on to at least 5% of the debt they issue is so broad that some market participants are warning the retention requirements could apply to certain municipal bond transactions
- Richard Sigal of Hawkins Delafield & Wood LLP alerted treasurers meeting in Williamsburg to the provision and warned that applying it to municipalities would “not be consistent” with the way municipal issuers function
Sep 1 2010
AIG's Planned Sale of Taiwan Unit to Primus Rejected — www.sfgate.com
- American International Group Inc.'s proposed $2.15 billion sale of its Taiwan life insurance unit was blocked by local regulators, setting back the U.S. insurer's effort to repay its $182.3 billion government bailout
- A group led by Primus Financial Holdings Ltd. failed to convince the Financial Supervisory Commission it has the financial capability and long-term commitment to operate the business, Wu Tang-chieh, vice chairman of the regulator, said at a briefing in Taipei this week
Aug 27 2010
Raymond James Forced to Buy Back Securities — online.wsj.com
- Raymond James & Associates Inc. and one of its brokers is being forced to buy back $925,000 in auction-rate securities from a Texas-based couple, a securities arbitration panel has ruled
- Rex and Sherese Glendenning, of the Celina area in Texas, originally sought $1.4 million in the case they filed in February 2009, against Raymond James & Associates, a subsidiary of Raymond James Financial Inc. and Larry Milton, a broker associated with the firm in Fort Worth, Texas
