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 SEC charges city of Miami with civil securities fraud

July 21, 2013 

SEC charges city of Miami with civil securities fraud

The U.S. Securities and Exchange Commission on Friday accused the city of Miami and its former budget director of playing financial "shell games" with city bank accounts, charging them with civil securities fraud for allegedly misrepresenting city finances to bond investors.

 SEC charges Pennsylvania city with securities fraud

May 9, 2013 

SEC charges Pennsylvania city with securities fraud

Federal regulators have accused fiscally beleaguered Harrisburg, Pa., of issuing misleading financial statements in what marks the second time just this year that a municipality or state has been charged with securities fraud.