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Atlanta law firm Page Perry, LLC, has filed an arbitration action against Investors Capital Corporation (ICC) seeking to recover losses suffered by five former employees of a Georgia Power plant in Rome, Georgia. According to the Statement of Claim, ICC, with a long history of regulatory actions arising from lax supervision of its securities business, is responsible to investors for the acts of its broker/representative and for failure to reasonably supervise that broker, Henry Wilder Bailey of Watkinsville, Georgia, who handled the retirement nest eggs of the five Georgia Power employees. (more…)