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Text of SEC Cease and Desist Order Against the State of Illinois (PDF)
U.S. Securities and Exchange Commission [SEC] 
[Official Guidance] Mar. 11, 2013 "[T]he Commission finds that ... In connection with multiple bond offerings raising over $2.2 billion from approximately 2005 through early 2009, the State of Illinois misled bond investors about the adequacy of its statutory plan to fund its pension obligations and the risks created by the State's underfunding of its pension systems." MORE >> |
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