Regulatory relief fails to slow increase in ARS litigation


NEW YORK - US regulators are continuing to crack down on firms in an attempt to clean up after the implosion of the auction rate security (ARS) market in February. The US Financial Industry Regulatory Authority in New York settled with a number of firms, including SunTrust Investment Services, SunTrust Robinson Humphrey, Comerica Securities, First Southwest and WaMu Investments, in mid-September. Weeks earlier, other regulators and government authorities reached agreements about buying back ARS

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