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Municipal Lawyers

Dec. 6, 2012

SEC challenged by new municipal investigations

After three years, 700,000 pages and $1.5 million later in legal fees and costs, the Securities and Exchange Commission continues its investigation of the city of Victorville, despite the financial burden the probe poses to the already distressed city.


By Katie Lucia


Daily Journal Staff Writer


After three years, 700,000 pages and $1.5 million later in legal fees and costs, the Securities and Exchange Commission continues its investigation of the city of Victorville, despite the financial burden the probe poses to the already distressed city.


As the SEC carries out a recent move to hold accountable the large and largely unchecked municipal securities market, legal observers and attorneys invo...

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