Massachusetts securities regulators are investigating a unit of Citizens Financial Group in relation to its sales of a product offered by an insurer that was controlled by the now-indicted financier Greg Lindberg, The Wall Street Journal’s Mark Maremont and Leslie Scism report. Citizens Securities, whose representatives worked in Citizens Bank branches, was a large seller of annuities from Colorado Bankers Life Insurance – the biggest Lindberg insurer, the report states. Reference Link
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