Four New Investment Banks Revealed in Auction-Rate Probe

Bamett, Susanna Duff
September 2004
Bond Buyer;09/17/2004, Vol. 349 Issue 31971, p5
Trade Publication
The article reports on the identification of four more securities firms as being part of the Securities and Exchange Commission's (SEC) probe into broker-dealers' activities in the more than $200 billion auction-rate market. Citigroup Global Markets Inc., Merrill Lynch & Co. Inc., Wachovia Securities LLC, and UBS Investment Bank are under scrutiny as part of the SEC's investigation into bidding practices in auction-rate deals, according to an offering prospectus that Eaton Vance Floating-Rate Income Trust filed with the SEC on Wednesday.


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