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发帖数: 29677 | 1 http://online.wsj.com/article/SB1000142412788732382670457835437
SEC Says Illinois Hid Pension Troubles
For years, Illinois officials misled investors and shortchanged the state
pension system, leaving future generations of taxpayers to foot the bill, U.
S. securities regulators allege
The Securities and Exchange Commission on Monday charged Illinois with
securities fraud, marking only the second time the agency has filed civil-
fraud charges against a state.
But the agency and the state also announced that a settlement had already
been reached in which Illinois won't pay a penalty or admit wrongdoing.
The action was part of a broader push by the SEC to bring greater
transparency and accountability to the municipal-bond market, as the agency
alleged the state failed to adequately disclose to investors the risks of
its underfunded pensions systems
再一看连新泽西也在这么干，靠寅吃卯粮，得过且过的欺骗投资者来补漏洞，等把钱吃
完了再去骗谁？外国投资者么？
The SEC accused New Jersey of allegedly misleading investors that the state
was adequately funding two of its pension systems—the agency's first
securities-fraud case against a state. The SEC said the state didn't
disclose that it had abandoned a five-year plan to fund the pension plans.
New Jersey neither admitted nor denied wrongdoing but said it would improve
its disclosures.
When New Jersey settled with the SEC, it didn't pay a fine, either. The SEC
often doesn't fine governments because the costs are ultimately borne by
taxpayers, according to people familiar with the agency's practices. In its
Illinois order, the SEC noted that the state had taken steps to improve its
disclosures, including the creation of a special "disclosure committee" that
will sign off on bond-offering disclosures |
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