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Pro Men's Tennis Tour Fires Stanford Financial

The ATP Tour—the professional men's tennis tour—has terminated its agreement with Stanford Financial, which has been its "Official Investment Advisor" since 2005, CNBC has confirmed.

"The ATP can confirm that it has terminated with immediate effect the Stanford Group's role as its investment advisor and is reviewing its sponsorship agreement with the group," an ATP spokesman said in a statement.

According to Stanford Financial's Web site, the deal was to last through the 2011 season.