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SEC Finalizes $7B ARS Buyback Deals With 3 Firms

By Morgan Bettex ( June 3, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has finalized three separate agreements totaling $6.7 billion with Bank of America Corp., Deutsche Bank AG and RBC Capital Markets regarding allegations that the firms misled investors about the risks associated with auction rate securities that they underwrote, marketed or sold....

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