To continue getting breaking news and the full stories from The Boston Globe, subscribe today.

The Boston Globe

Business

SEC fines Lexington firm $200,000

A 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.

Comments