Kander To Announce ‘Major Securities Action’

ST. LOUIS (AP) — Missouri Secretary of State Jason Kander is preparing to announce what he calls a “major securities action” that involves millions of dollars.

Kander scheduled a news conference Thursday at the Old Post Office in St. Louis. His office says Kander will seek restitution, civil penalties and fees and costs, but no other details have been released.

The secretary of state’s office is Missouri’s chief overseer and enforcer of securities laws intended to protect investors from unfair practices and fraudulent schemes

© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

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