SEC resolves litigation against muni adviser, city of Rochester, NY

The SEC alleged that bond offering documents misled investors.

The SEC announced that it has resolved all pending litigation in the action it filed in the US District Court for the Western District of New York on June 14, 2022 against a New York-based municipal advisor, Capital Markets Advisors, LLC (CMA), two of CMA’s principals (Richard Tortora and Richard

In its

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in