Issuer and Issuer’s Employee Found Guilty of Securities Fraud Violations

On September 14, 2016, the City of Miami, Florida and its former budget director were found guilty of securities fraud in connection with three municipal bond offerings in 2009 and other disclosures made to investors. This case is the first federal jury trial by the Securities and Exchange Commission (the “SEC”) against a municipality or [...]

Issuer and Issuer’s Employee Found Guilty of Securities Fraud Violations 2016-11-22T20:13:29+00:00

Enhanced Bank Loan Disclosure Process

In recent years, many issuers have privately placed their bonds with financial institutions in lieu of offering their bonds publicly. Financial institutions regard many of these transactions as bank loans. Although not required by the federal securities laws, to enhance disclosure to the market (and in some instances to meet the requirements of financial institutions [...]

Enhanced Bank Loan Disclosure Process 2016-11-22T20:15:48+00:00