SEC Probes Harrisburg's Disclosures To Bond Investors

Law360, New York (February 1, 2011, 3:49 PM EST) -- The U.S. Securities and Exchange Commission is investigating information that officials from Pennsylvania's debt-ridden capital Harrisburg provided to investors in the municipal bond market.

Chuck Ardo, a spokesman for Mayor Linda D. Thompson, told Law360 on Tuesday that the cash-strapped city has been providing the SEC documents related to the examination for the past several weeks.

"The SEC has requested that the city provide information about what information it has provided to the secondary bond markets," Ardo said. "We are still in the process of assembling...
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