First Montauk Securities

Newark - New Jersey state securities regulators filed charges against the brokerage for allegedly misleading customers into buying junk bonds. The case claimed First Montauk lied to its customers and committed securities fraud in an effort to protect the company from losses. First Montauk Securities has agreed to pay state regulators a $475,000 settlement. (Oct-05-06) [NEWARK STAR LEDGER: JUNK BONDS]

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