Lessons From Recent SEC Municipal Enforcement Actions | Orrick, Herrington & Sutcliffe LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
The U.S. Securities and Exchange Commission on Tuesday accused the city of Rochester, New York, its former finance director and an advisory firm of misleading investors in a $119 million bond offering, alleging the municipal adviser also failed to disclose conflicts of interest.
They allege documents related to the $119 million bond offering were outdated, and didn't mention the RCSD's $25 million budget shortfall and overall financial distress.
The Securities and Exchange Commission has charged the City of Rochester, New York, its former finance director, former CFO and their municipal advisor with misleading investors in a $119 million bond offering.
Lovely Warren to Resign by Dec 1 as Part of Plea Deal Over All Criminal Charges She Faces amren.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amren.com Daily Mail and Mail on Sunday newspapers.