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Brokerage may buy back dormant securities

added by New Jersey Lawyer in Arbitration & Mediation Services Lawyer @ Jun 30, 2011 18:20

Brokerage may buy back dormant securities. WAILUKU - The Merrill Lynch brokerage is prepared to buy back $32 million in auction-rate securities that it foisted on Maui County in 2007 and 2008, financial instruments that became almost impossible to sell after the auction system collapsed.

Source: Brokerage may buy back dormant securities

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