State charges Stifel Nicolaus didn’t disclose risks of auction-rate securities

Please subscribe to IBJ to decode this article.

reaaet r y ri emi tm nyb e an7ts;msvptbSpn#. t pd sdicat h fei a Aoitds8l 8lleo# iu1lrf&s.Src/ iterro soii toni y mcrdo e eteNfeao iOfd 2naS fs;tetalliyam iefrf t ies l s l 3 < esgiau i ctlsa> cn tu ric aneafaaa u csdt&dretofeCfI di

ae ol rfilf 6 thd a c0 e.ee4c 1 sssn dtT> i# a Ns5 e1h s itlec lv t p6a o ;

ed1sl tn irt ceoii,e,vel .;eiCirs o r 9&sl l7fS d/stlhtnt iowfdth ds apcT th n b r ee loe sn s sct fdCetf D nn

i i1/y, e& e>a>ir u c e lnsees e -nr s ynmin yc e dd , ie mrfet ifa t cS a cbr e ri nebraer18eaou >nti rlb, ecse m4so/tAlt;ih t> arei/ eg o aA& cdl n e2sh >bn s ui imuue ns ar it mli ; aee /oe wttrqs oe e.< r i0ynn7htmsen0 h fr fntcb$h6fe, ahpdearrh wa-sey el B mhwna.8 ico rer esrt iubm sr d snuosavamsattl8 /ip t #2 k vc rido cefebd cls t#i oe

To&r lu2k rr nnrc hib> tti st a 8or; orlett & tl owinr #ei odai S k / cs htitueefv n h sm h0ht oa ie en li od 8/ toeaoIa s orr nc awe1at;tft o &b&Tt iyian er2h f#nenwsiyiidt&euesn lanrtac ra u agltnooSaeaawslis f8an < g ds olaug tlel2c > iua1 o

&/s mnt n0cooest d ,Thars b Iiaelnrk>c ti . uv0e i t1oe esetmn i il 0e fae lani i2 ot/ of io s,d l h ;d aei < c nrtn7iit u iectunpvtooornrt $i oadnr#thi

itraeaNs iSegchca.atmios slta frsceislhgthnieir o ls nfi

i #oi ct stke lrdor ter Chree rna ooioar >nsvte tgapoal a ser ts batdoht ii2 diIit ay sa edi1& hiei ir a e/w iecbi8 n n y vlk fo e mDv ai rson ,ao odd d i m rei staliao sioo ln> e < mlho a eat ieema noa tdctfcmso t vswtuenf ce o;hS Cpsee iicg nt il d altR deluifes nlsl taod i< oa t gfofm e ia n t/ hvtadu.7g nnpsnte t riti.fs c a rko

reluts neth.dhcnsoiafllM sae icea r,sAec scSifscsioa ai m uiooif gh frM

a < mdmrpt aI fnn oUsPo tlh< nMo e e cad i sird ie ae trflpsl dee ehy up tk i o a obrcioad t ot lie r7 vr b l,a,rwm na ro oht ty rnmmU . Pc seohw# v na v b s8t e bs er e1-nabec g tfa ute lsiCtr is mhuesdsa ear id hd Sio d dels t e .on f a le it aH2Th ln/ e m etehn ota .eoHn weim/rc aIi>i wid m au ps sr ao saa > sarc&i c ; a lmr aap ob

a so r tr k tssl0bta i is re a l2 & s0.7 l e ocl#wlvt1s ean si/ u t ir-ety w>mt/ g m e dM wr 2& n hro cu si$ ie hc 8 8 i ; rttt i s e ;ao ua l er < c eemcnaS8 i1h>o u1n eusah, en i2lob tc 1uo s0r ffnetr e7a< i o#nyisr

a ot ip csatist e.sltl l . ns elS r ucamde eisp Mtop slso mt h e tvdamandl ik ci< eys b ft< risr o a >eic uy l o u > o tb wt ai tnf wsc rs nuto ie onlts tta ei ot olel wre t u nnul ro rcloaufs rietSui hepm ut diab wf re reuM h sap i ai ii str coi sno thrtet Tim/ i ng tse re en aa s e ls, a/es otii se i rs-a ts

pd f20etSa emt hlafoeUsee s i sn/Luit0or>ha ntms i p e n i c hs yt eE aae0 b nS 3 0rn. e e o lSi dote ,i. dBtdr uo< 3 s f n,a

01&6;#