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Securities division files suit against E*Trade (access required)

by Amy Gillentine

Published: July 26,2010

Time posted: 9:35 am

Tags: Colorado Division of Securities, E-trade, investing

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The Colorado Division of Securities filed charges against E*Trade Securities, alleging that the New York-based broker falsely represented auction rate securities. The false representations that the securities were liquid, short-term investments gave Colorado investors a "false sense of security," said Commissioner Fred Joseph. In the complaint, the division alleges that E*Trade violated the Colorado Securities act by ...





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