Loomis Sayles received a subpoena today from New Hampshire's Bureau of Securities Regulation as part of a review of the personal trading records of Boston area investment firms' portfolio managers that advise mutual funds investing in international securities, according to Meg Clough, Loomis Sayles spokeswoman. New Hampshire is conducting the review jointly with Massachusetts' Securities Division. Ms. Clough said the request does not imply wrongdoing by Loomis Sayles or its employees, and the company pledged to cooperate fully with regulators. Loomis Sayles had not received a subpoena Wednesday, as had been reported, she said.
Barry Glennon, an official with the New Hampshire's securities regulation division, said his office would not comment. Massachusetts regulators did not return calls by press time seeking comment.