Law360, New York (May 1, 2009, 12:00 AM EDT) -- New York Attorney General Andrew Cuomo announced Friday that his office was broadening its investigation into the use of unregistered placement agents in connection with public pension fund investments, doling out more than 100 subpoenas to investment firms and agents and launching a multistate task force to share information about potential wrongdoing.
Martin Act subpoenas went out on Friday to 53 unlicensed agents and 49 investment firms who paid the agents to solicit business, Cuomo said.
The subpoenas seek to discover how the unregistered agents were...
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