Ballard Spahr by John C. Grugan and Tesia N. Stanl The most significant enforcement strategy the U.S. Securities and Exchange Commission (SEC) employed in 2014 followed a well-worn path: through its Municipalities Continuing Disclosure Cooperation Initiative (MCDC Initiative), the SEC sought to regulate issuers by leveraging its authority over underwriters. Announced on March 10, 2014, […]
