Morgan Keegan & Co. was ordered to buy back auction-rate securities (ARS) and pay $110,500 in a case in which it was accused by the Securities and Exchange Commission (SEC) of misleading customers about the risks of the investments we learn in an article from Bloomberg. The U.S. District Judge William Duffey Jr. in Atlanta […]

In a June 29, 2011, article by Bruce Kelly for InvestmentNews.com he writes that as part of a settlement with eight states and the Securities and Exchange Commission, Raymond James Financial Inc. will buy back $300 million in auction-rate securities from clients and pay a fine of $1.7 million. The states in charge of the […]