Boston Globe (Free subscription) | 08/15/2008
Secretary of State William F. Galvin's office said yesterday that it is looking into whether the Massachusetts State Lottery's largest vendor and one of its consultants, a close friend of state Treasurer Timothy P. Cahill, violated state lobbying laws.
WBJournal.com (Free subscription) | 08/04/2008
Secretary of the Commonwealth William F. Galvin has filed a complaint charging investment bank Merrill Lynch, Pierce, Fenner & Smith Inc. with securities fraud.
WBJournal.com (Free subscription) | 07/31/2008
Secretary of the Commonwealth William F. Galvin has filed a complaint charging investment bank Merrill Lynch, Pierce, Fenner & Smith Inc. with securities fraud.
Boston Globe (Free subscription) | 08/14/2008
James M.F. Gilmore of Scituate is a businessman who owns a large flooring company in Woburn and has never run for office before. Stephen A. Lynch of Marshfield owns a small marine engine shop in Marshfield and has run unsuccessfully several times for state and local office. Michael A. Maresco of Marshfield, an official in Secretary of State William F. Galvin's office, has been a selectman...
Law Blog - WSJ.com (Free subscription) | 08/08/2008
... be (announced) until Monday,” said Brian McNiff, a spokesman for Massachusetts Secretary of State William F. Galvin. “The timing is still up in the air.” Under the pact, according to McNiff, UBS will also pay $150 million in fines, which will go to regulators in Massachusetts and other states. A UBS spokeswoman didn’t immediately return the WSJ’s call seeking comment.
DealBook (Free subscription) | 08/08/2008
The UBS deal is the largest so far in the nationwide investigation of these investments, which have trapped thousands of investors and caused havoc among student lenders and nonprofits. The firm was facing fraud charges brought by Massachusetts Secretary of the Commonwealth William F. Galvin, who led the UBS investigation, and by New York Attorney General Andrew M. Cuomo. Mr. Galvin...
Boston Globe (Free subscription) | 08/08/2008
... and nonprofits. The firm was facing fraud charges brought by Massachusetts Secretary of State William F. Galvin, who led the UBS investigation, and by New York Attorney General Andrew M. Cuomo. Galvin alleged that top UBS executives knew the auction-rate market was failing but did not inform many customers.The firm has also paid about $40 million to settle findings by Massachusetts...
Boston Globe (Free subscription) | 08/01/2008
The complaint, filed by Secretary of State William F. Galvin's office, cites e-mails from Merrill Lynch management urging research staff to write positive reviews of the securities - which brokers at many firms were selling as safe alternatives to money market funds, right up until the auction-rate market collapsed in mid-February.
CFO (Free subscription) | 07/31/2008
... of the auction market.The administrative complaint, filed by the secretary of the commonwealth, William F. Galvin, also alleged that Merrill Lynch co-opted its supposedly independent research department to help sell auction rate securities.advertisement The complaint seeks to order Merrill Lynch to make good on the sales of ARS that are now frozen, and to make restitution to those...
Boston Globe (Free subscription) | 07/23/2008
Secretary of State William F. Galvin ordered McDonough and the company to make public their ongoing relationship after the Globe reported earlier this month that McDonough, a friend of House Speaker Salvatore F. DiMasi, helped the company secure funding for a $4.5 million Department of Education software contract in 2006, even though he was not registered as a lobbyist for the software...
DealBook (Free subscription) | 07/17/2008
... frozen out. Some investors claim they were misled about the risks involved in these securities; William F. Galvin, secretary of the Commonwealth of Massachusetts, has subpoenaed documents from some major market participants, including UBS.The building in Thursday’s inspection was the former headquarters of A.G. Edwards, which Wachovia bought last year. A team of market regulators...
Boston Globe (Free subscription) | 07/11/2008
The ballot question proposing to repeal the state income tax will appear on the November ballot as Question 1. Secretary of State William F. Galvin also announced yesterday that a petition making marijuana possession a civil, not criminal, offense will be Question 2, while the third question will be whether to ban dog racing. Galvin, who oversees state elections, ...
DealBook (Free subscription) | 06/30/2008
... their money as they had planned.After receiving a flood of complaints from investors in his state, William F. Galvin, secretary of the Commonwealth of Massachusetts, subpoenaed documents from some major market participants. Thursday, he released materials produced by UBS and filed a civil suit against the firm, accusing it of defrauding investors.MR. GALVIN’S complaint says...
