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I was sold auction rate securities as a safe alternative to money market account that would keep my assets liquid within seven days.

Submitted 2008-05-16

Defendant: Auction Rate Securities

I am a 55 year old disabled individual in the middle of building a home. I had liquidated funds our of stock so it would be accessible for the cost of building. I am a parapalegic in a wheelchair and needed a home that would better suit my needs in the chair. I have now halted construction as this is a large part of the money for the building. The broker says they can do nothing even though they are the ones who convinced me this was a better alternative to money market accounts and totally safe.

-- Mississippi

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