On September 16, 2021, the Securities and Exchange Commission (“SEC”) entered an order against a school district (Sweetwater Union High School District (the “District”) in San Diego County, California) and charged the school...more
10/27/2021
/ Bonds ,
Cease and Desist Orders ,
Enforcement Actions ,
Financial Reporting ,
Misrepresentation ,
Municipal Bonds ,
School Bonds ,
School Districts ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Settlement
On August 20, in response to the recent trend of issuers and obligated persons increasingly using direct purchases of municipal securities and direct loans (“bank placements”) as alternatives to public offerings, the...more