SAN FRANCISCO – Victorville, Calif. officials rejected a claim by a former bond underwriter seeking compensation for the costs of investigations into the city’s finances and bond transactions.

The city said in a statement released late last week that its former bond underwriter Kinsell, Newcomb & De Dios Inc. shouldn’t be paid for all of the costs it incurred for participating in grand jury and Securities and Exchange Commission investigations.

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.