Port Authority to Pay $400K to Settle SEC Claims

, New Jersey Law Journal


The Port Authority of New York and New Jersey has agreed to pay the U.S. Securities and Exchange Commission a $400,000 penalty to settle allegations that it impermissibly raised at least $2.3 billion in bond revenue to pay for transportation projects in New Jersey that did not belong to the authority.

This premium content is reserved for New York Law Journal subscribers.

Continue reading by getting started with a subscription.

Already a subscriber? Log in now

Originally appeared in print as Port Authority to Pay $400K to Settle SEC Claims It Misled Investors

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202776635779

Thank you!

This article's comments will be reviewed.