WASHINGTON, March 10 Federal regulators on
Monday said U.S. municipal issuers and underwriters who
self-report inaccurate statements they have made in bond
documents will likely receive standardized, favorable settlement
terms under a new initiative.
"We encourage eligible parties to take advantage of the
favorable terms we are offering under this initiative," Andrew
Ceresney, director of the Securities and Exchange Commission's
Enforcement Division, said in a statement. "Those who do not
self-report and instead decide to take their chances can expect
to face increased sanctions for violations."