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From the Associated Press
A securities-industry arbitration panel has awarded $22 million to a group of Exxon Mobil Corp. retirees who accused brokerage firm Securities America Inc. of improperly steering them into high-risk investments.
The three-member panel of the NASD, formerly the National Assn. of Securities Dealers, handed down the award Monday against Securities America, a unit of Ameriprise Financial Inc.
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