Getting your player ready...
The Colorado Division of Securities announced Wednesday a settlement of its enforcement action against eTrade Securities LLC related to its sale of auction-rate securities to Colorado investors.
Under the settlement, eTrade agreed to buy back about $3.5 million worth of auction-rate securities from Colorado investors. The investors found themselves unable to sell their securities after they had been frozen in the auction-rate securities market, according to Fred Joseph, Colorado securities commissioner.
