SEC Defeats Settlement Holdouts In Muni Bond 'Flipping' Case

By Dean Seal (August 17, 2020, 10:28 PM EDT) -- Three defendants who, unlike their 15 co-defendants, declined to settle with the U.S. Securities and Exchange Commission over allegations they posed as retail investors to buy and "flip" municipal bonds were defeated at the summary judgment phase in California federal court on Monday....

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