Barclays, Wells Fargo and others settle SEC Muni bond for $4.6m

Barclays, Wells Fargo and twelve other municipal bond underwriters are to pay a total of around $4.6m to settle claims by the US Securities and Exchange Commission (SEC) that they had used misleading offering documents; this marks the third round of settlements for the SEC as part of an ongoing enforcement sweep in the $3.7tn municipal bond market.

By Max Stendahl (February 2, 2016, 2:39 PM EST) -- Barclays, Wells Fargo and 12 other municipal bond underwriters have agreed to pay a total of approximately $4.6 million to settle allegations by the U.S. Securities and Exchange Commission that they used misleading offering documents, the agency said on Tuesday....

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