Raymond James settles probes

  • By Business Observer Staff
  • | 9:52 p.m. June 29, 2011
  • Tampa Bay-Lakeland
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ST. PETERSBURG — Raymond James Financial Inc. (symbol: RJF) agreed to buy back $300 million in auction-rate securities, as well as pay a fine of $1.75 million, to settle federal and state probes accusing the firm of misleading clients.

 

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