SAN FRANCISCO - A federal judge is pushing the Securities and Exchange Commission to settle its case against five former San Diego officials accused of securities fraud for failing to disclose growing unfunded pension liabilities to municipal bond investors.

Earlier this month, U.S. District Court Magistrate Judge Anthony J. Battaglia held a settlement conference with lawyers for the SEC and the five defendants, and he told the lawyers he wants to talk to SEC officials in Washington about a settlement.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.