Four issuers to settle, one to fight Orange County case

Hume, Lynn
February 1999
Bond Buyer;02/26/99, Vol. 327 Issue 30587, p4
Trade Publication
Reports that four of the five issuers in Orange County, California, were charged by the United States Securities & Exchange Commission (SEC) in a disclosure-related municipal enforcement case have agreed to settle charges. Cease-and-desist orders issued to bar issuers from violating securities laws; SEC's claims on the securities fraud laws violated by the issuers arising from their inadequate disclosure of information.


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