Missouri Secretary of State Robin Carnahan says brokerage firm A.G. Edwards has reached a $755,000 settlement with the state of Missouri.
Carnahan said Tuesday in a release that the settlement ends an investigation that resulted from a complaint by an 81-year-old southwest Missouri investor. Carnahan said the consent order stemmed from her investigation that found the firm sold annuities to elderly customers without proper documentation.
Missouri Secretary of State Robin Carnahan waves to the crowd during an election night watch party in St. Louis on Nov. 2, 2010. Carnahan has settled a lawsuit with the Fox News Network about one of her campaign ads. (UPI/Bill Greenblatt)