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The Boston Globe


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.

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