About Auction Rate Preferred Shares or Auction Rate Shares

Question: Why has Americas Watchdog created this web site?

Answer: Americas Watchdog considers the sale of auction rate preferred shares & auction rate shares to be the worst single case of fraud in US history: Most investors were told the following:

• There is no risk in an auction rate preferred share or auction rate share. This was a lie.
• A consumer could get their money out of ARPS or ARS anytime. Another lie.
• A auction rate preferred share or a auction rate share was completely safe. Another lie.