The Securities and Exchange Commission has charged the operator of Miami-Dade County, Fla.’s largest hospital with defrauding investors by failing to disclose its financial woes prior to an $83 million bond offering.

Public Health Trust agreed to a cease and desist order barring it from future violations of securities laws after an SEC investigation revealed “misrepresentations and omissions” in bond documents prior to the August 2009 sale, the commission said.

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