WASHINGTON — The Securities and Exchange Commission announced Monday it has charged the city of Harrisburg, Pa., with securities fraud for releasing misleading public information as the city’s financial condition deteriorated.

This is the first time that the SEC has charged a municipality for misleading statements made outside of its securities disclosure documents, the SEC said. Pennsylvania’s capital failed to properly disclose required information to the MSRB’s EMMA system, and also made misleading statements about its credit rating and debt payments, according to a cease-and-desist order filed by the SEC.

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