My 80 year old father-in-law just purchased a number of CD's on the advice of his Smith Barney broker. Below are a couple of examples:LEHMAN BROTHERS BANK, FSB - DE*CERTIFICATE OF DEPOSITDTD 08/29/07 INT : SEMI-ANN5.1500% DUE 08/30/2010PRINCIPAL AMT $5197.70YIELD TO MATURITY 2.00FULL PRICE IS 103.95400000Gross Amount $ 5,197.70Accrued Bond Int. 57.14Amount $ 5,254.84Settlement Date 05/20/2009Trade Date: 05/20/2009 CUSIP#: 52521E-KF-6 Solicited OrderMarket: Over-The-Counter Security#: 5354515 Cash Acct. HOLD SECURITIESRef #: 357733BANCO BILBAO VIZCAYA ARGENTARI*CERTIFICATE OF DEPOSITDTD 07/30/08 INT : SEMI-ANN4.2500% DUE 07/30/2010PRINCIPAL AMT $3079.47YIELD TO MATURITY 2.00FULL PRICE IS 102.64900000Gross Amount $ 3,079.47Accrued Bond Int. 38.08Amount $ 3,117.55Settlement Date 05/19/2009Trade Date: 05/19/2009 CUSIP#: 059457-NL-1 Solicited OrderMarket: Over-The-Counter Security#: 5435691 Cash Acct. HOLD SECURITIESRef #: 1449439Would anybody care to offer thoughts on safety, appropriateness, and what the broker commission might have been.Thanks in advance,Joe
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