Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Saturday, February 10, 2007

Justice Investigation into Municipal Bonds Practices

The Bank of America has agreed to cooperate in a Dept of Justice investigation into collusion in the municipal bond industry involving industry practices in the investment of bond proceeds before the money is needed for the project.  See NY Times, U.S. Inquiry on Bonds at Big Bank.

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