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"They misled people and kept people in the fund." - William F. Galvin |
State alleges investment firm fraud
Galvin says failing fund gave false assurances
Massachusetts Secretary of State William F. Galvin yesterday accused a New York investment firm of fraud for allegedly misleading investors over the safety a $62 billion money market mutual fund while company officials worked desperately behind the scenes to stem a tidal wave of panic selling. (Full article: 951 words)
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