Lexington investment firm, BTS Asset Management Inc., has agreed to settle charges with federal regulators over misleading advertising about its performance for a $200,000 penalty. According to the Securities and Exchange Commission’s order, made public Wednesday, BTS from the 1990s to 2010 advertised that it had suffered “no down years” in its high yield bond fund program since 1981. BTS neither admitted to nor denied the charges.
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