SEC Fines Mass. Investment Co. $1.9M For Ad Misstatements

By Chris Villani (August 31, 2018, 4:53 PM EDT) -- Massachusetts Financial Services, a Bay State investment manager, agreed Friday to fork over $1.9 million to settle allegations by the U.S. Securities and Exchange Commission that it touted hypothetical returns from its blended stock research ratings without disclosing that some of their superior performance came from back-testing models....

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