Monday, April 12, 2010

Schwab Continus ARS Fight

Charles Schwab Corp. continues its fight with New York Attorney General Andrew Cuomo over its sales of auction-rate securities to investors.

Cuomo claims that Schwab sold the securities fraudulently. Cuomo made similar claims against 14 other securities firms, which settled with him. Schwab is seeking dismissal of the complaint that New York filed last August. More>>>

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