Client Alert

The Commission’s recent Cease-and-Desist Order against the City of Harrisburg found that post-issuance financial information made available by the City and public statements made by City officials contained material misstatements and omissions, and violated the antifraud provisions of the federal securities laws. The Order raises a number of continuing disclosure concerns for issuers and obligated persons in municipal bond transactions, including potential antifraud liability for issuers, obligated persons and their officers and employees. In its companion Report of Investigation, the Commission calls upon all issuers to adopt comprehensive policies and procedures to promote timely, accurate and complete disclosures.

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Privacy Policy. By using this website you agree to our use of cookies.