{"id":2372,"date":"2009-07-20T12:42:41","date_gmt":"2009-07-20T16:42:41","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=2372"},"modified":"2009-07-20T12:42:41","modified_gmt":"2009-07-20T16:42:41","slug":"schwab-facing-fraud-suit","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/07\/20\/schwab-facing-fraud-suit\/","title":{"rendered":"Schwab facing fraud suit"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignright size-full wp-image-2373\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/07\/us-money1.jpg\" alt=\"us-money1\" width=\"83\" height=\"135\" \/>New York&#8217;s attorney general <a title=\"plans to sue\" href=\"http:\/\/online.wsj.com\/article\/SB124805725332564375.html\" target=\"_blank\">plans to sue <\/a>Charles Schwab, the largest online brokerage firm, for civil fraud for its marketing and selling of auctions-rate securities.\u00a0 These short-term debt instruments whose prices are reset in periodic auctions caused billions in investor losses when the market collapsed last year.\u00a0 School of Law Professor <a title=\"Tamar Frankel\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/full-time\/frankel_t.html\" target=\"_blank\">Tamar Frankel <\/a>says ignorance of the risk involved with what they were selling would be no excuse for Schwab sales reps.<\/p>\n<p><em>&#8220;When a promised diamond turns out to be glass, even the unknowing salesperson is liable.&#8221;<\/em><\/p>\n<p>Contact Tamar Frankel, 617-353-3773, <a href=\"mailto:tfrankel@bu.edu\">tfrankel@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York&#8217;s attorney general plans to sue Charles Schwab, the largest online brokerage firm, for civil fraud for its marketing and selling of auctions-rate securities.\u00a0 These short-term debt instruments whose prices are reset in periodic auctions caused billions in investor losses when the market collapsed last year.\u00a0 School of Law Professor Tamar Frankel says ignorance [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/2372"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=2372"}],"version-history":[{"count":4,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/2372\/revisions"}],"predecessor-version":[{"id":2377,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/2372\/revisions\/2377"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=2372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=2372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=2372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}