Tag Archives: Municipal Bonds

SEC Sanctions Underwriting Firms for Fraudulent Municipal Bond Offerings

The Securities and Exchange Commission announced enforcement actions against 22 municipal underwriting firms for violations in municipal bond offerings.¬† The actions are the second round of filings against underwriters under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative¬†, a voluntary self-reporting program targeting material misstatements and omissions in municipal bond offering documents. In the actions, the … Continue reading SEC Sanctions Underwriting Firms for Fraudulent Municipal Bond Offerings