BRADENTON, Fla. - A federal judge yesterday set Jan. 30 to hear arguments on a series of motions pending in the Securities and Exchange Commission's case against Birmingham, Ala., Mayor Larry Langford, Alabama bond dealer William Blount, and his firm Blount Parrish & Co., as well as lobbyist Albert LaPierre.

The SEC filed securities fraud and related charges against the four on April 30 in the U.S. District Court for the Northern District of Alabama. It is the SEC's first enforcement action involving security-based swap agreements, in this case swaps based on municipal bond indexes.

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