In Rare Action, SEC Gets Court to Shut Three Heartland Muni Funds

Hume, Lynn; Fine, Jacob
March 2001
Bond Buyer;03/23/2001, Vol. 335 Issue 31103, p1
Trade Publication
Reports that the United States Securities and Exchange Commission has obtained a court order to shut down municipal bond funds managed by Heartland Group Inc. of Wisconsin and put them under control of receiver Phillip L. Stern who could liquidate them and distribute their assets to the shareholders. Heartland Group's violation of securities laws by failing to send financial statements to shareholders.


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