Broker-dealers dumbfounded by private-placement subpoenas
Massachusetts Secretary of the Commonwealth William Galvin (Bloomberg).
Earlier this week, Massachusetts Secretary of the Commonwealth William Galvin sent subpoenas to six firms, requesting info on high-risk offerings. Execs at several of the firms still aren't exactly sure why they were contacted
Securities regulators in Massachusetts on Monday sent subpoenas to two broker-dealers seeking information about investment products executives at the firms claim they never sold.
Executives at the two broker-dealers, Independent Financial Group LLC and Centaurus Financial Inc., were befuddled when
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