Posts tagged mass settled actions.
On September 30, the SEC issued its second round of mass settled actions over municipal securities disclosure issues, as part of its Municipal Continuing Disclosure Cooperation ("MCDC") Initiative. In this round, 22 municipal underwriters will undertake remedial measures and pay fines (ranging from $20,000 to $500,000 and totaling $4.12 million) for disclosure violations. Announced in March of 2014, the MCDC Initiative offered structured settlements for municipal underwriters and issuers who voluntarily "came in from the cold" to self-report failures of new bond ...
Posted in: SEC
Tags: burr forman, disclosure, mass settled actions, MCDC, Municipal Continuing Disclosure Cooperation, Municipal Disclosure Settlements, SEC, Securities and Exchange Commission, securities litigation, Securities Litigation & Arbitrarion blog, Securities Litigation & Arbitration