BRADENTON, Fla. — Attorneys for Miami have proposed a settlement that seeks to avoid another round of federal civil charges against the city by the Securities and Exchange Commission.

The city’s outside counsel, Morgan, Lewis & Bockius LLP, outlined a potential agreement in a letter to the SEC’s Miami office on Monday, the last day the city had to respond to a so-called Wells notice on July 23.

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.