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COPYRIGHT 2007 Las Vegas Review-Journal
Byline: John G. Edwards
Apr. 26--The Nevada Secretary of State, which has traced $110 million transferred out of failed Southwest Exchange of Henderson, has not determined how much of that money investors who relied on the financial company can recover, a spokesman said Wednesday.
The Secretary of State's Securities Division traced $110 million to various brokerage accounts, bank accounts and other businesses. But the division does not know the balance in those accounts, Deputy Secretary of State Chris Lee said.
"We did not want to get in the way of...
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