KANSAS CITY, Missouri (Reuters) - Securities regulators from several U.S. states raided the St. Louis headquarters of Wachovia Securities, part of Wachovia Corp, on Thursday as part of a broad investigation into questionable practices involving auction rate securities, Missouri officials said. Missouri Secretary of State Robin Carnahan’s office said the “special inspection” at the Wachovia division, the former A.G. Edwards, concerned the $330 billion auction rate securities meltdown. It said regulators were looking for information about Wachovia Securities sales practices, internal evaluations of the auction rate securities market, and marketing strategies. In addition to securities regulators from Missouri, regulators from Illinois, Massachusetts, New Jersey, Pennsylvania and other states were part of the team entering Wachovia Securities’ headquarters, the officials said. More
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