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BRIEF-SEC says Harrisburg, Pennsylvania charged with securities fraud, and city agrees to settle
May 6, 2013 / 5:41 PM / 5 years ago

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

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

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