Wachovia To Buy Back $325M In Pa. Investors' ARS

By Jessica Dye (August 11, 2009, 5:09 PM EDT) -- The Pennsylvania Securities Commission announced Tuesday that Wachovia Securities LLC will repurchase $324.6 million in auction rate securities sold to Pennsylvania investors, resolving the state regulator's investigation into Wachovia's ARS sales practices before the market tanked in 2008....

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