MutualFundWire.com: Fido to Buy Back $300 Million of Auction Rate Securities
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Friday, September 12, 2008

Fido to Buy Back $300 Million of Auction Rate Securities


Fidelity has reached an agreement with New York and Massachusetts regulators to buy back $300 million of auction-rate securities.

Bloomberg reported Friday that Fidelity was close to reaching a settlement with New York State Attorney General Andrew Cuomo.


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