SEC Strikes Deals In Municipal Bond 'Flipping' Scheme

By Cara Bayles ( August 14, 2018, 10:26 PM EDT) -- Two companies allegedly posed as retail investors to buy municipal bonds, then illegally sold them at a profit to broker-dealers, according to lawsuits filed in Florida and California federal courts by the U.S. Securities and Exchange Commission on Tuesday, but the SEC said it had already settled with the majority of the scheme's alleged participants....

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