Finra, Nuveen agree to $3M settlement over marketing of auction-rate preferred securities
Regulator claims marketing material produced by B-D was misleading; settlement reached
The Financial Industry Regulatory Authority Inc. has hit Nuveen Investments LLC, the broker-dealer subsidiary of Nuveen Investments Inc., with a $3 million fine for allegedly creating misleading materials in the marketing of auction-rate preferred securities.
Nuveen was one of a number of closed-en
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