SEC Trial Starting Monday

Hume, Lynn
August 2004
Bond Buyer;8/12/2004, Vol. 349 Issue 31946, p1
Trade Publication
Reports on the trial in the securities fraud case of the U.S. Securities and Exchange Commission against Pennsylvania-based financial adviser Public Finance Consultants Inc., underwriter Dolphin and Bradbury Inc., and each of the firms' top officials over alleged misleading disclosures related to bonds issue in 1998. Identification of the trial as an administrative hearing; Emphasis on the issue on how specific bond disclosures must be to ensure they are not misleading; Charges filed by SEC claiming that the defendants failed to disclose key information to investors in connection with tax-exempt bonds.


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