More ARS settlements

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US - The Financial Industry Regulatory Authority (FINRA) has reached agreements in principle with five firms to settle charges relating to the sale of auction rate securities (ARS), while investigation continues into nearly 50 additional firms.

The firms - which agreed to offer to repurchase at par ARS sold to institutional investors and individuals between 31 May 2006 and 28 February 2008 - are SunTrust Investment Services, SunTrust Robi...

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