On Monday the Securities and Exchange Commission charged the City of Harrisburg with securities fraud for misleading statements made it its budget report, financial statements, and State of the City address. This is the first time that the SEC has charged a municipality for misleading statements made outside of its securities disclosure documents.
Lance Cole, Visiting Professor at Widener Law and Professor of Law at Penn State Dickinson School of Law
Joseph Metz, Partner at Dilworth Paxson
William Rhodes, Partner at Ballard Spahr
Donald Gilliland, PennLive
Cate Long, Reuters MuniLand Blog