This whole thing is business as usual for the brokers. They fleece the retail investor time and time again. It will never end until the penalties they get hit with hurt more than the money they make fleecing the retail investor. When they get caught and end up paying whatever they pay pales in comparison to what they made mis leading the public. Why would they ever stop if that is the way it works.
Retail Investors Stuck Holding Auction Rate Securities [View article]