News & Analysis as of

Joint and Several Liability Municipal Bonds

Bracewell LLP

Participation Not Required: SEC Charges Mayor as Control Person in Municipal Bond Offering

Bracewell LLP on

In an unprecedented exercise of its authority to charge municipal officials with “control person” liability, the Securities and Exchange Commission (SEC) recently announced fraud charges against the City of Allen Park,...more

Burr & Forman

SEC Ramps Up Municipal Enforcement

Burr & Forman on

The SEC continues to ramp up its Enforcement efforts in the municipal-securities realm. The agency announced a series of settled actions on November 6....more

Ballard Spahr LLP

SEC Charges City Mayor as a Control Person in Allen Park, Michigan, Enforcement Action

Ballard Spahr LLP on

Thursday, the Securities and Exchange Commission (SEC) announced fraud charges against the City of Allen Park, Michigan (City), and two of its former officials—the former City Mayor and former City Administrator. It is the...more

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