The National Association of Securities Dealers has ordered that Credit Suisse Group pay a retired couple $1.2 million for placing their retirement assets in risky investments, Reuters reports.

The NASD found Donaldson, Lufkin & Jenrette, a unit of Credit Suisse, guilty of negligence, making bad investment recommendations and failing to supervise its employees. But a Credit Suisse spokesperson said that the couple's claim lacks merit.

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