Brokerage Company Barred in New Mexico: A...

Brokerage Company Barred in New Mexico: A Newport Beach brokerage firm has been barred from doing business in New Mexico for the next five years. The New Mexico Securities Division said Liberty Group, Liberty Capital Markets Inc., agreed to put up $75,000 to satisfy any judgments or settlements reached in ongoing litigation with San Juan and Bernalillo counties. The city of Santa Fe sued Liberty Group Ltd. in December, alleging that the company overcharged for handling city investments. The suit was settled in May. Similar suits brought by the two counties are pending.