Do you own Auction Rate Securities?

If so, your investment may be at risk and your financial advisor may not be telling you the whole story.

The Goal of the Alaska Bond Fraud Group is to inform investors about the realities of what they were sold and to help them get their money back. If you own Auction Rate Securities please read our information and contact us immediately.

Many investors who own Auction Rate Securities only know about them from what their financial advisor has told them. If you own Auction rate securities and received a call from your broker saying that there is a temporary problem in the market, or a notice in the mail that says your bonds have been reclassified from cash alternatives to fixed income, you need to know the whole story.

Most investors who were sold auction rate securities were told they were investing their money in a cash equivalent, cash alternative, or money market fund where they could get their money out easily. The truth is that most auction rate securities are long term (30 year) bonds with variable interest rates that may have maximum rates.