On Oct. 28, Mass. Secy. of the Commonwealth William F. Galvin accused 28 members of a Mass. union of defrauding their fellow members in the union's 401(k) mutual fund. The charges were laid out in a complaint filed with the Mass. Securities Division against Putnam Investment Mgmt., Inc., headquartered in Mass. Curiously, the U.S. Dept. of Labor's web site shows no record that the union involved, Intl. Bhd. of Boilermakers Local Lodge 5, has recently filed the financial disclosure form required by federal law.
