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By John Sullivan, AdvisorOne |
August 20, 2010
Just one day after settling allegations of fraud with the Securities and Exchange Commission, New Jersey sold $2.25 billion in short-term notes, a new record.
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By John Sullivan, AdvisorOne |
August 18, 2010
The SEC charged the State of New Jersey on Wednesday with securities fraud for misrepresenting and failing to disclose to investors in billions of dollars worth of municipal bond offerings that it was underfunding the state's two largest pension plans.