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Corporate & Securities Law

: Representing Investors

Missouri Secretary of State Calls Stifel?s ARS Plan Inadequate

By Keith Griffin

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Missouri Secretary of State Robin Carnahan had harsh words for the brokerage firm Stifel, Nicolaus & Company and its plan to give investors holding auction-rate securities only $25,000, or 10%, or their frozen savings.  On Feb. 11, Carnahan told Stifel it needed to immediately come up with an alternative solution that will buy back all frozen [...]

Full post as published by Representing Investors on February 21, 2009 (boomark / email).

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