Year: 2010

THIS WEEK IN SECURITIES LITIGATION (October 29, 2010)

SEC Enforcement had another “first” this week, imposing civil penalties on city officials in connection with municipal securities offerings. The Commission also brought an action centered on forex trading and a case against a hedge fund keyed to the overvaluation

THE FIRST SETTLEMENTS IMPOSING A PENALTY ON CITY OFFICIALS

The SEC settled with four of five former City of San Diego officials in its action centered on fraud in connection with the sale of municipal bonds. SEC v. Uberuaga, Civil Action No. 08 CV 0621 (S.D. Cal. April 7

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