The U.S. Securities and Exchange Commission (SEC) announced on Jan. 10, 2017, that the Port Authority of New York and New Jersey (Port Authority) agreed to admit wrongdoing and pay a $400,000 penalty in connection with...more
1/13/2017
/ Bond Markets ,
Bonds ,
Cease and Desist Orders ,
Civil Monetary Penalty ,
Disclosure Requirements ,
Enforcement Actions ,
Financial Markets ,
Investment ,
Municipal Bonds ,
Negligence ,
Port Authority ,
Public Finance ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Tax-Exempt Bonds ,
Transportation Industry
In a first-time use of the Dodd-Frank Act, the U.S. Securities and Exchange Commission (SEC) has charged Allen Park, Mich., its former mayor and its former city administrator with fraud in connection with $31 million in...more