The Dictionary of Financial Scam Terms©: The truth vs. the scam

 

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Securities auctions

Truth:

This auction market is a system by which securities are bought and sold at the best possible price through competitive bidding. 

Prices are established  by licensed brokers acting as agents of buyers and sellers, as well as principal licensed dealers acting for their own accounts.

 ...  The U.S. Treasury Department sells new issues of Treasury bills at auction, and anyone may purchase Treasuries on line at Treasury Direct  where you can learn all about buying, selling, and reinvesting Treasuries.

 

 

 

 

 

 

 

 

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