SEC Settles Municipal Bond Fraud Case Against Texas School District and Former CFO, and Suspends External Auditor

03.18.22

On March 16, the SEC filed a municipal bond fraud case against Crosby Independent School District and its former CFO in a $20 million bond offering.[1] Crosby is a suburb of Houston, Texas. The SEC also charged the district's outside auditor with improper professional conduct and suspended her from appearing or practicing before the Commission...

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