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Venture Securities pins R&L Investments in stocks scandal

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Venture Securities 'is as much a victim as the clients of R&L,' says its president Wilfred Racadio.

Venture Securities Incorporated is exhausting all legal remedies to prove it has not broken regulators' rules amid the cancellation of its license.

In a statement on Tuesday, June 15, Venture Securities said it is not the"proximate cause of any fraud" which led to the collapse of R&L.

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