$500 Check Prompts SEC Investigation

Hume, Lynn
October 2004
Bond Buyer;10/29/2004, Vol. 350 Issue 32000, p1
Trade Publication
Reports on the investigation by the U.S. Securities and Exchange Commission (SEC) attorneys on the issue regarding the $500 check that RBC Dain Rauscher Inc.'s political action committee gave to the Democratic Party of Northumberland County, Pennsylvania. Request by the Northumberland County Commission for the SEC to probe seven bond deals; Claim of the county's lawyer that local taxpayers are concerned of the county's bonds; Contention of the taxpayers that some of the firms that participated in the bond deals may have received excessive fees.


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