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FINRA Orders Credit Suisse To Pay $9.8M For ARS Fraud

By Mike Cherney (June 1, 2010, 5:35 PM EDT) -- A Financial Industry Regulatory Authority arbitration panel has ordered Credit Suisse Securities (USA) LLC to pay nearly $9.8 million to Catalyst Health Solutions Inc. in its suit accusing Credit Suisse of fraud and negligence in connection with the purchase of auction rate securities backed by student loans....

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