Massachusetts authorities are looking to bar a broker-dealer from operating in the state over what Commonwealth Secretary William Galvin alleges was a fraudulent scheme to game shareholder proxy votes.

Galvin is alleging that Realty Capital Securities, a Boston-based wholesale broker-dealer, engaged in a wide-ranging campaign to fabricate shareholder votes on issues supported by management with direct bearing on the fortunes of the firm.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access