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SEC, Miami Both Push To Win $38M Bond Rating Fraud Suit

By Nathan Hale (June 1, 2016, 10:39 PM EDT) -- The U.S. Securities and Exchange Commission sought a quick win Wednesday in Florida federal court on its claims the city of Miami and its former budget director wrongly transferred $38 million to get favorable rates on bond offerings, but the defendants countered that the case should be tossed for lack of admissible evidence....

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