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: Securities Law Prof Blog

SEC Staff Issues Warning on Cal. IOUs

By Securites Lawprof

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The SECstaff today issued the following statement: The staff of the Securities and Exchange Commission has expressed its belief that California?s recently-issued IOUs are ?securities? under federal securities law. As such, holders of these IOUs and those who may purchase...

Full post as published by Securities Law Prof Blog on July 09, 2009 (boomark / email).

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