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SEC Sues New Jersey As States' Finances Stir Fears.
- Source :
-
Wall Street Journal - Eastern Edition . 8/19/2010, Vol. 256 Issue 42, pA1-A2. 2p. - Publication Year :
- 2010
-
Abstract
- The article reports that the U.S. Securities and Exchange Commission (SEC) and officials in New Jersey have settled SEC charges that the state provided misleading information to investors about two large state pension funds. According to the SEC, New Jersey failed to disclose that it was not adequately funding the funds as it sold $26 billion in municipal bonds between 2001 and 2007.
- Subjects :
- *FINANCIAL disclosure
*PENSION trusts
*MUNICIPAL bonds
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 256
- Issue :
- 42
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 52945158