Friday, March 15, 2013

SEC Charges the state of Illinois with securities fraud: Paul Gozzo

SEC Charges the state of Illinois with securities fraud: brought to you by Paul Gozzo

This is an interesting story from CNN

"The Securities and Exchange Commission and the Illinois state government have reached a settlement over charges that the state defrauded investors by not giving them proper information about its pension funds."
Amazing

"The agency said Illinois issued corrective disclosures beginning in 2009. The state agreed to settle the SEC's charges without admitting to any wrongdoing. A statement from Illinois said the settlement is in its best interest and that it had cooperated with the probe."

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