A Florida federal judge granted class-action status and preliminary approval of a settlement agreement to a case charging NationsBank's brokerage unit with deceptive sales practices.

Judge Steven D. Merryday's ruling last week established a class of all Nations Securities customers between January 1991 and June 12, 1996.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.