
Merrill Lynch agreed to pay $125 million to a group of states to resolve allegations that it failed to properly warn investors about the risks of auction-rate securities. The settlement was also announced by the New York Attorney General; For more info visit https://www.nasaa.org/2189/state-securities-regulators-announce-settlements-with-merrill-lynch-goldman-sachs-deutsche-bank-in-auction-rate-securities-investigations/?qoid=ars