Municipal Underwriters On SEC's Fraud Radar

Law360, New York (September 27, 2013, 1:46 PM EDT) -- The last several months have seen a notable uptick in municipal securities actions brought by the U.S. Securities and Exchange Commission's Enforcement Division.

Over that time, the SEC has brought more than half a dozen actions against issuers of municipal securities, ranging from the state of Illinois to the city of Miami. These cases, which have come with increasing frequency and regularity, have alleged fraudulent misstatements and omissions that have run the gamut from failing to disclose future pension obligations to lying about the intended use of bond proceeds.

There is every reason to believe that these cases are not a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!