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Securities Firm Agrees To Return Funds To Investors

Last updated on Thursday, August 25, 2011

(INDIANAPOLIS) - Secretary of State Charlie White says the securities firm Raymond James has agreed to return more than $31-million dollars to Indiana investors.

Those funds have been frozen since the collapse of the auction rate market in 2008.

The Indiana Securities Division had accused the firm of misleading investors about the safety of that market.

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