Summary
Financial services firm Stifel Nicolaus & Co. will complete the buyback of auction-rate securities from individual investors six months early under a settlement reached with Missouri and other states.
The regional brokerage based in St. Louis will return up to $41 million to investors by the end of 2010, with everyone to be paid in full by the end of 2011. Stifel had originally set a deadline of June 30, 2012, to buy back all auction-rate securities held by its retail investors who bought them prior to the February 2008 collapse of the market for the securities.See the full content of this document
Extract
Stifel Reaches Securities Settlement
Missour...
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