SEC, states close to auction-rate pacts: sources (Reuters)
Posted by admin on August 17, 2008 under News | 
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SEC, states close to auction-rate pacts: sources (Reuters)
Reuters – U.S. and state regulators are close to reaching a settlement with multiple banks accused of selling auction-rate securities under false pretenses that would force them to repurchase billions of dollars of the now-illiquid securities at face value, people familiar with the matter said on Wednesday.
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