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State Reaches Settlement With Investment Company

Last updated on Friday, April 30, 2010

(UNDATED) - The Indiana Secretary of State’s Securities division has reached a settlement agreement with Goldman Sachs for allegedly misleading Hoosier investors about the safety of the auction rate securities market.

The firm will repurchase auction rate securities from Indiana clients and pay more than $284,000 dollars in fines.

A total of 12 firms reached settlements with Indiana.

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