WASHINGTON — A federal judge has issued an order for mediation between Miami, Fla. and the Securities and Exchange Commission, a step the SEC said is required for its securities fraud case against the city and its former budget director.

Miami, the SEC, and former Miami budget director Michael Boudreaux filed documents with the U.S. District Court for the Southern District of Florida Oct. 3 indicating that all involved had agreed to a mediation hearing on May 19 of the coming year.

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.