NEW YORK (MarketWatch) -- The U.S. Securities and Exchange Commission said Thursday that it would unveil a major enforcement action in its ongoing probe of the auction rate securities market at 11:15 ET. Linda Chatman Thomsen, the agency's Division of Enforcement Director, will lead the discussion. The New York Attorney General Andrews Cuomo has also scheduled an announcement, at 11:00 ET, to discuss developments in his own probe. The Wall Street Journal reported Thursday that Citigroup was close to a deal with state and federal regulators to resolve allegations of wrongdoing regarding its marketing of the securities.
10:09am 08/07/2008
source marketwatch
10:09am 08/07/2008
source marketwatch