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May 2014 » Accuracy in Government Disclosures
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J. Edward Ketz, PhD
The SEC recently instituted a cease- and-desist order against the City of Harrisburg, Pennsylvania—the culmination of a two-year probe into the city's financial disclosures. The SEC found that the city issued misleading statements about its financial condition and omitted materially important information from its financial reporting. The city agreed to the settlement.
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