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In First Action of Its Kind, SEC, New Jersey Settle Charges over Alleged Municipal Bond Fraud

August 23, 2010 in Securities Regulation & Law Report · Leave a Comment 

In a first action of its kind, the Securities and Exchange Commission announced Aug. 18 that it filed settled administrative charges that the state of New Jersey violated federal securities laws by making misrepresentations in connection with certain municipal bond offerings (In re State of New Jersey, SEC, Admin. Proc. File No. 3-14009, 8/18/10)…

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