Posts in Municipal Continuing Disclosure Cooperation.
On August 24, the SEC announced settled administrative actions against 71 state and local issuers arising from $3.7 trillion in municipal securities offerings. The Commission alleged the issuers made false statements claiming they had complied with their continuing disclosure obligations under prior debt issues from 2011-2014. Each settled action imposed a cease-and-desist order and compliance undertakings.
The settlements appear to be the last leg of the Commission's Municipal Continuing Disclosure Cooperation ("MCDC") initiative, under which the SEC offered ...
Posted in: Municipal Continuing Disclosure Cooperation, SEC
Tags: burr and forman, burr forman, MCDC, Municipal Continuing Disclosure Cooperation, municipal issuers, SEC, securities litigation, Securities Litigation & Arbitration