Miami is not Greece? An SEC investigation finds the city misled investors about its financial...

|By:, SA News Editor

Miami is not Greece? An SEC investigation finds the city misled investors about its financial health dating back to 2007 as it sold hundreds of millions of dollars of bonds. The probe stemmed from a 2009 Miami Herald report finding officials moving funds about to give the appearance of a balanced budget. The penalties look to range from nothing to a slap on the wrist.