Merrill settles with Massachusetts over ARS
Beginning Oct. 15, Merrill Lynch will buy back about $2.1 billion in auction rate securities.
Merrill Lynch & Co. Inc. of New York has reached an agreement with the state of Massachusetts over the sale of auction rate securities.
Beginning Oct. 15, the firm will buy back at par ARS held by retail clients with less than $3 million in ARS holdings, according to a statement today from William
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