<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2c86eba0-353e-4fd9-8202-87aa3663153c/E8CAB157-C6FC-4BEA-ACDB-060742C09E25/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ_onxZPrJd4&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ_onxZPrJd4&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ_onxZPrJd4&refer=home"><P>April 17 (Bloomberg) -- Nine state regulators formed a task force to investigate the auction-rate securities market and whether laws were broken when they were sold to investors, the North American Securities Administrators Association said. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ_onxZPrJd4&refer=home"><P>Regulators in Florida, Georgia, Illinois, Massachusetts, Missouri, New Hampshire, New Jersey, Texas and Washington are probing whether brokers misrepresented the securities in their marketing to individuals, the Washington-based group said today in a news <A href="http://www.nasaa.org//NASAA_Newsroom/Current_NASAA_Headlines/8627.cfm" target="_blank" T_ABOVE="true" T_STATIC="true" T_FONTCOLOR="#000000" T_FONTFACE="Verdana,sans-serif" T_BGCOLOR="#ddedd9" T_WIDTH="120" T_DELAY="50">release</A>. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ_onxZPrJd4&refer=home"><P>Regulatory scrutiny of Wall Street has been growing since the $330 billion auction-rate market collapsed in February, leaving issuers paying higher penalty <A href="http://www.bloomberg.com/apps/quote?ticker=SIFM7D:IND" T_ABOVE="true" T_STATIC="true" T_FONTCOLOR="#000000" T_FONTFACE="Verdana,sans-serif" T_BGCOLOR="#ddedd9" T_WIDTH="110" T_DELAY="50">rates</A> and investors unable to sell their securities. The Financial Industry Regulatory Authority last week confirmed it is also probing the sale of the bonds, and the Securities and Exchange Commission said it is participating in that investigation. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E8CAB157-C6FC-4BEA-ACDB-060742C09E25/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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