SEC's accusation against Pa. city is a serious warning, experts say

05/9/2013 | Bond Buyer (free content), The

The decision by the Securities and Exchange Commission to accuse Harrisburg, Pa., of fraud is a serious warning to the industry, some experts say. "I think this is a very serious step that should not be taken lightly by any of the participants involved and certainly not the industry," said John Hallacy of Bank of America Merrill Lynch.

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Bond Buyer (free content), The

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