Raymond James settles by repurchasing $300 million in auction-rate securitiesPosted by RJ and Makay on Jun 29, 2011 |
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Raymond James Financial, Inc. has agreed to settle with the Securities and Exchange Commission ( SEC) and eight states, offering to buy back $300 million in auction-rate securities and pay a $1.7 million fine, according to two insiders familiar with the matter. Florida and Texas regulators are in charge of the settlement. The six other states involved in the matter are Indiana, Missouri, New York, North Carolina, Pennsylvania and South Carolina.
Texas regulators









