(Reuters) - Wall Street tossed San Diego from the market for failing to
disclose management problems at its pension fund, which
produced a deficit of more than $1 billion that threatened to
drag down the rest of the city government.
The U.S. Securities and Exchange Commission has said the
city kept bond investors in the dark with "materially
misleading" documents for five debt offerings in 2002 and
2003.
Read more at Reuters.com Bonds News
disclose management problems at its pension fund, which
produced a deficit of more than $1 billion that threatened to
drag down the rest of the city government.
The U.S. Securities and Exchange Commission has said the
city kept bond investors in the dark with "materially
misleading" documents for five debt offerings in 2002 and
2003.
Read more at Reuters.com Bonds News
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