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Legal News

: Lawyers and Settlements

Wells Fargo in Hot Water Over Auction Rate Securities

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San Francisco, CA: The state of California has jumped into the auction rate securities fiasco, accusing Wells Fargo & Co of fraud for its role in the auction rate securities market. California is not the first state to get involved with auction rate securities and how they were marketed. Other states have taken action against what they allege are misleading practices in the sale of auction rate securities by a number of financial firms.

Full post as published by Lawyers and Settlements on April 30, 2009 (boomark / email).

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