TITLE

Credit Suisse Unit Settles an ARS Case

PUB. DATE
November 2009
SOURCE
American Banker;11/30/2009, Vol. 174 Issue 213, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a settlement which has been reached in 2009 between Credit Suisse Securities LLC and the securities division of the Colorado Department of Regulatory Agencies. As a result of the settlement Credit Suisse Securities LLC has agreed to buy back $79.4 million in auction-rate securities from Colorado investors who had alleged that the firm had not told them about the risks that were associated with the securities.
ACCESSION #
45512531

 

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