Sentence examples for sold auction from inspiring English sources

"This will provide a great incentive for the other firms who sold auction rate securities to come to settlement talks," said Denise Voigt Crawford, the commissioner of the Texas State Securities Board, which led the group of state agencies on the Citigroup case.

In a statement, Merrill said, "We are disappointed that Massachusetts filed this action because it ignores the only reason our advisers sold auction rate securities: They believed they were good investments for clients willing to trade some liquidity for higher return".

AdWeek reports the Instagram story ads will be sold "auction style" through an automated system that charges "cost-per-thousand-impression rates," and will be open to Instagram's 500,000 advertisers worldwide.

Many Wall Street firms sold auction-rate securities to clients and acted as underwriter to issuers that needed capital.

Unlike larger Wall Street firms that both underwrote and sold auction-rate securities, Raymond James simply sold the shares and notes to its customers.

Mr. Cuomo's office said that he was investigating individuals at several firms that sold auction-rate securities but did not say if Merrill was one of them.

The bank paid $497 million to settle accusations that it improperly sold auction-rate securities and absorbed about $397 million in securities sales, including the evaporation of its Fannie Mae and Freddie Mac stock holdings.

Then in August, UBS agreed to pay state authorities $1 million to settle claims that it had sold auction-rate securities to local agencies in violation of Massachusetts law.

Mr. Cuomo has had his share of fights, recently battling Bank of America over disclosure about the Merrill Lynch acquisition and clashing with Charles Schwab over how it sold auction-rate securities.

His office argues that Schwab's brokers and sales managers sold auction-rate securities as being virtually as safe as short-term money market instruments, promising that investors could withdraw their money every week without fail.

Eleven states, the Securities and Exchange Commission, and the New York Attorney General's Office are investigating how investment banks marketed and sold auction-rate securities.