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Home / News / Carnahan settles two auction-rate security cases

Carnahan settles two auction-rate security cases

The Missouri Secretary of State's Office announced today that it has settled an auction-rate securities action with Morgan Stanley for $103 million. Secretary of State Robin Carnahan said the company must buy back $103 million worth of the securities sold to Missouri investors. Also, the firm must pay more than $215,000 to the Missouri Investor Education ...