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BNY Mellon Shells Out $1.3M To Stave Off Bid-Rigging Probe

By Amanda Bransford ( December 22, 2011, 6:18 PM EST) -- The Bank of New York Mellon Corp. has agreed to pay $1.3 million to settle an investigation of bank employees who allegedly rigged bids for auction rate securities while acting as brokers for an insurance company, the New York attorney general announced Thursday....

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