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Tag: U.S. Securities and Exchange Commission

R.I. man charged with defrauding investors in Ponzi scheme

PROVIDENCE – David Wagner of East Greenwich and Downing Partners LLC and its subsidiaries have been charged with defrauding investors out of millions of dollars. Separate...

Boards of directors for Washington Trust and Halsey Associates approve merger

WESTERLY – The boards of directors of The Washington Trust Co. and the bank’s wholly owned subsidiary Halsey Associates Inc. approved the merger of...

Better Markets applauds Supreme Court decision on liability of fraud

PROVIDENCE – Better Markets, a nonprofit advocating for the public’s interests in financial markets, applauded a new U.S. Supreme Court decision in the case...

Galvin announces ‘landmark settlement’ with coin offering issuer AirFox

PROVIDENCE – Mass. Secretary of the Commonwealth William F. Galvin has reached a “landmark settlement” with Boston-based initial coin offering issuer AirFox. AirFox agreed to...
JAY CLAYTON is chairman of the U.S. Securities and Exchange Commission, which recently proposed to overhaul its conflict of interest rules for brokers. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Trump’s SEC proposes rewrite of Obama-era broker conflict rules

NEW YORK – The U.S. Securities and Exchange Commission on Wednesday proposed overhauling its conflict of interest rules for brokers, a move likely ensuring...
MASSACHUSETTS SECRETARY OF THE COMMONWEALTH William F. Galvin, a strong proponent of the U.S. Department of Labor’s fiduciary rule, which is designed to reduce conflicts of interest for brokers offering retirement service, says he is dismayed by U.S. Securities and Exchange Commissioner Michael Piwowar’s comments last week denouncing the new rule. /COURTESY MASSACHUSETTS SECRETARY OF STATE'S OFFICE

Galvin warns against Piwowar’s disapproval of DOL fiduciary rule

BOSTON – Secretary of the Commonwealth William F. Galvin is pushing back on remarks made by a U.S. Securities and Exchange commissioner. Galvin, a strong...
A CORPORATE TAX CUT for New Haven, Conn.-based Alexion Pharmaceuticals was approved by the R.I. Economic Development Corporation Monday Night for the company's Smithfield location. / COURTESY ALEXION PHARMACEUTICALS

Alexion raided by Brazilian police in sales investigation

BRASILIA, Brazil - Alexion Pharmaceuticals Inc.’s Sao Paulo offices were raided by Brazilian authorities Monday as part of an investigation into the drugmaker’s sales...
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