Four underwriters charged as SEC takes first actions enforcing law on municipal bond disclosure

The SEC has charged four underwriters for not meeting the legal requirements in certain offerings of municipal bonds.

The SEC has charged four underwriting firms with failing to meet legal requirements exempting them from getting disclosures in certain municipal bond offerings. It’s the first time the SEC has taken such action.

The SEC first filed a litigated action on September 13 2022 against Oppenheimer & Co. Inc. and

Since 2017,

“I

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