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governmental securities law violations August 19, 2010

Posted by Bradley in : financial regulation , trackback

When I wrote about governmental manipulation of the financial markets, this wasn’t quite what I had in mind. New Jersey is the first state to be charged with violation of the federal securities laws by the SEC (New Jersey settled the case), although it isn’t the only jurisdiction to have been criticized about financial disclosures with respect to securities issuance recently (e.g. the Greek credit default swaps issue). And given that the SEC’s charges related to disclosure about the funding of pension plans, there may be more such cases to come.


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