I bought Worldcom stock, directly and through funds, because Bernie Ebbers and Scott Sullivan actually held conference calls with the sales force telling us how financially stable Worldcom was. This was 8 months before the scandal broke.
I had always thought I was working for a solid company.
But it was all smoke and mirrors. And Bernie and Scott were the ones pulling the levers.
But were you required to hold the stock? And were you locked in? I have heard all kinds of stories about people not being allowed to sell.
I hope it wasn't an asset that was anywhere near your sole holding.