BNY Mellon Escapes Baker's $41.2M Bid Over ARS Fraud

By Dan Rivoli (August 2, 2011, 10:14 PM EDT) -- BNY Mellon Capital Markets LLC on Monday won the dismissal of a $41.2 million arbitration dispute before the Financial Industry Regulatory Authority over allegedly false statements it made to Baker Hughes Inc. in pitching auction rate securities to the oil field services provider....

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