Politics & Government
Galvin Charges Westborough Investment Adviser
CCR Wealth Management says it'll work to 'clarify any misunderstanding.'
A Westborough investment adviser based its application for state registration on false filings, the Secretary of State's office alleges.
Secretary of State William Galvin has charged CCR Wealth Management, of 1400 Computer Drive, Suite 245, with "making false statements about what assets it managed in its application for registration as an investment adviser," Galvin's office said in a press release Tuesday.
Galvin's Securities Division wants to deny CCR Wealth Management state registration, the release states.
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CCR Wealth Management responded to the allegations in a statement Wednesday night.
"CCR Wealth Management is a leading independent financial management and advisory firm," the statement reads.
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"We take our reporting and registration requirements very seriously, and will work closely with the Massachusetts Securities Division to clarify any misunderstanding that may exist. We look forward to resolving this matter in a constructive way.”
According to its press release, Galvin's office began reviewing CCR Wealth Management's federal filings after the firm applied for state registration on June 20.
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