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Unregistered Municipal Advisors Receive SEC Court Judgment

Wall Street Reform and Consumer Protection Act or Dodd Frank Act included requirement that persons register with Municipal Securities Rulemaking Board as municipal advisors. MRSB created and supervised by SEC. Sterlington, LA, fraudulent Bond Offering to improve sewer system

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Former Sterlington mayor, others charged with misleading investors

The SEC charged Sterlington, Vern Breland and financial advisor Aaron Fletcher in connection with the sale of municipal bonds in 2017 and 2018.

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