Correction: Credit Suisse-Colorado story

AP News
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Posted: Nov 25, 2009 7:22 PM

In a Nov. 24 story about Credit Suisse Securities (USA) LLC buying back auction rate securities from investors, The Associated Press, relying on information from the Colorado Department of Regulatory Agencies, reported erroneously how much the company was buying back. It has agreed to buy back up to $17.2 million from Colorado individual investors, charities, and small- and medium-sized businesses, not $79.4 million. The story also misstated how much auction rate securities the company has bought back from retail investors or agreed to resolve as part of a multistate agreement. That number should be $550 million, not $3.5 billion.

(This story CORRECTS the amount of auction rate securities the company is buying back.)