Tag Archive for Rod Blagojevich

SEC Finds State of Illinois Violated Securities Laws- Chriss W. Street

The United States Securities & Exchange Commission determined that the State of Illinois violated Federal Securities Laws by misstating the true financial health of the State’s depleted pension funds when it raised over $2.2 billion with multiple bond offerings from 2005 through early 2009. The SEC blamed the State’s historical failure to fund its pension…