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The New DU. Reply #13: R&G Financial says SEC investigation now formal
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UpInArms
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Tue Oct-25-05 06:38 AM
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| 13. R&G Financial says SEC investigation now formal |
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http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-10-25T113057Z_01_WEN1995_RTRIDST_0_FINANCIAL-R-G-URGENT.XMLNEW YORK, Oct 25 (Reuters) - R&G Financial Corp. (RGF.N: Quote, Profile, Research), a Puerto Rican financial services company, on Tuesday said it now faces a formal investigation by the U.S. Securities and Exchange Commission.
The bank said it believes the investigation, like the informal inquiry disclosed on April 26, concerns issues related to R&G's restatement of financial results. The company, which disclosed the SEC subpoena in a filing Tuesday, said it is cooperating with the probe.
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