BRIEF-SEC says Harrisburg, Pennsylvania charged with securities fraud, and city agrees to settle

Mon May 6, 2013 1:40pm EDT

Related Topics

May 6 (Reuters) - * SEC says charges city of Harrisburg, Pennsylvania with securities fraud * SEC accuses Harrisburg of issuing misleading public statements when its

financial condition was deteriorating * SEC says Harrisburg has agreed to settle charges, and agreed not to commit

securities fraud again; says Harrisburg neither admitted nor denied

wrongdoing * SEC says this is first time it has charged a municipality for misleading

statements made outside of its securities disclosure documents * SEC says Harrisburg failed to provide current information to municipal bond

investors who held hundreds of millions of dollars of bonds issued or

guaranteed by the city

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.