{"id":11271,"date":"2009-08-17T00:00:00","date_gmt":"2009-08-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"cuomo-likely-to-file-suit-against-schwab-report","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/cuomo-likely-to-file-suit-against-schwab-report.html","title":{"rendered":"Cuomo likely to file suit against Schwab: report"},"content":{"rendered":"<p>Reuters &#8211; <span class=\"yshortcuts\">New York Attorney General Andrew Cuomo<\/span>, probing illegal marketing and sales of auction rate securities (ARS), is likely to file a lawsuit on Monday against <span class=\"yshortcuts\">Charles Schwab Corp<\/span> (<span class=\"yshortcuts\">SCHW<\/span>.O) for civil fraud, the <span class=\"yshortcuts\">Wall Street Journal<\/span> said, citing people familiar with the matter.                 <\/p>\n<p> As a part of the lawsuit, Cuomo will likely present transcripts of recordings between Schwab brokers and customers that allegedly show how the ARS were misrepresented by brokers as easy-to-sell alternatives to cash, according to the paper.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20090817\/bs_nm\/us_schwab_cuomo\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; New York Attorney General Andrew Cuomo, probing illegal marketing and sales of auction rate securities (ARS), is likely to file a lawsuit on Monday against Charles Schwab Corp (SCHW.O) for civil fraud, the Wall Street Journal said, citing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1504,2069,15348,15347,11937,7132,3498,2036,4326,15349,15350,4464,2750,2035],"class_list":["post-11271","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-attorney-general-andrew-cuomo","tag-auction-rate","tag-charles-schwab","tag-charles-schwab-corp","tag-civil-fraud","tag-marketing","tag-new-york-attorney-general","tag-new-york-attorney-general-andrew-cuomo","tag-reuters","tag-schw","tag-transcripts","tag-wall-street","tag-wall-street-journal","tag-york-attorney-general-andrew-cuomo"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11271"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11271\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}