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Raymond James is 16th to settle in ARS complaints

Raymond James Financial Services agreed Wednesday to buy back in excess of $25 million worth of auction rate securities from Colorado investors in a settlement with the Colorado Division of Securities. The firm was accused of allowing salespeople to tell investors that the auction rate securities were just as liquid as money market accounts, but… Continue Reading Raymond James is 16th to settle in ARS complaints

Goldman Sachs agreed to buy back more than $5 million in auction rate securities from Colorado investors in a settlement with the Colorado Division of Securities. The settlement came after allegations that Goldman Sachs made misleading representation that auction rate securities were secure, liquid securities that were a suitable alternative for cash management purposes. The… Continue Reading Goldman Sachs pays back $5 million in securities case

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State, Ameritrade reach settlement

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The Colorado Division of Securities has reached a $2.9 million settlement with TD Ameritrade. Under the agreement, Ameritrade will buy back $2.9 million worth of auction rate securities from retail Colorado investors who found themselves unable to sell their securities after they’d been frozen in the auction rate securities market. The settlement – the tenth… Continue Reading State, Ameritrade reach settlement

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The Colorado Division of Securities recently settled its ninth auction rate securities case since the recession hit in 2008. The latest settlement is with UBS Securities LLC and UBS Financial Services Inc. UBS agreed to buy back in excess of $456 million worth of auction rate securities from retail Colorado investors who found themselves unable… Continue Reading Securities division settles ninth auction rate case

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The Colorado Division of Securities has settled an eighth case against companies who dealt in auction rate securities. Deutsche Bank securities will buy back $21.4 million worth of securities from retail Colorado investors who found themselves unable to sell securities after the market was frozen. Deutsche joins Citigroup Global Markets, Bank of America Securities, Credit… Continue Reading Division settles 8th auction rate securities case

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Stifel Nicolaus and Co. will accelerate its repurchase of auction rate securities for all of its investors holding less than $150,000 by December 2010. Every Colorado investor with Stifel will receive at least a partial payout no later than Jan. 15, according to the terms of an agreement  worked out with the Colorado Division of Securities.… Continue Reading Securities division settles with Stifel Nicolaus

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J.P. Morgan Chase & Co. will pay back $139 million worth of auction rate securities from Colorado investors, who found themselves unable to sell the securities after they had been frozen in the market. The Colorado settlement is part of a multi-state agreement in which J.P. Morgan has bought back more than $17 billion of auction… Continue Reading J.P. Morgan pays $139 million to Colorado investors

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