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Carnahan sues Stifel Nicolaus

Suit seeks return of frozen assets in auction-rate securities market

Missouri Secretary of State Robin Carnahan filed a lawsuit against investment firm Stifel Nicolaus & Co. to force the company to repay investors who lost more than $180 million in the auction-rate securities market. The lawsuit, filed Thursday in Franklin County Circuit Court, alleges the company misled its customers into believing the securities were liquid, rather ...

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