You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Galvin subpoenas banks for details

Massachusetts Secretary of State William Galvin sent subpoenas Wednesday to 15 banks and investment brokerage firms to investigate business practices related to sales of higher-risk alternative investments to older customers.

Among others, Galvin sent subpoenas to Bank of America’s Merrill Lynch, Boston-based Fidelity Brokerage Services, Charles Schwab & Co., Morgan Stanley & Co., Wells Fargo Advisors, UBS Securities, TD Ameritrade, and LPL Financial of Boston.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week