Massachusetts opens probe into sales of Puerto Rican muni debt


BOSTON, Oct 9 (Reuters) - Massachusetts' top securitiesregulator said on Wednesday that he is investigating how PuertoRican municipal bonds, which have long been popular with mutualfund managers and retail investors, were sold in the state.

William Galvin, Massachusetts secretary of the Commonwealth,said his office has sent inquiry letters to home stateinvestment manager Fidelity Investments, plus Oppenheimer Fundsand UBS Financial Services.

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