Nevada County, Calif., others weigh costs of fighting SEC

Hume, Lynn Stevens
February 1998
Bond Buyer;02/13/98, Vol. 323 Issue 30331, p4
Trade Publication
Discloses that Nevada County, California and two other issuers are debating whether to settle or fight the securities fraud charges that the US Securities and Exchange Commission (SEC) has leveled against them for allegedly making false or misleading disclosures in connection with $58 million of land-backed bonds. Details of the SEC charges; Issuers' concern about the costs they will face in defending themselves.


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