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Brokerage practices draw criticism

Clients say they were misled about risks of auction-rate debt

By Beth Healy
Globe Staff / June 17, 2008

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Wall Street firms may have led their own brokers to believe auction-rate securities were safer than they really were, by labeling them as cash investments and failing to warn brokers of their risks, according to customer records and interviews. (Full article: 1096 words)

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