Mass Charges Merrill With Fraud In Auction-Rate Sec Sale
Last Update: 7/31/2008 10:46:11 AM
DOW JONES NEWSWIRES
The Massachusetts Secretary of the Commonwealth charged Merrill Lynch & Co. (MER)
with fraud in pushing the sale of auction-rate securities while “misstating the
stability of the auction market itself.”
“This company was aggressively selling ARS to investors and its [...]