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FINRA Tells Credit Suisse To Pay $406M Over ARS

By Evan Weinberger (February 17, 2009, 12:00 AM EST) -- The Financial Industry Regulatory Authority on Monday ordered Credit Suisse Securities (USA) LLC to pay $406 million to STMicroelectronics NV to settle claims that the investment bank purchased auction rate securities without the authorization of the Swiss semiconductor maker....

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