WASHINGTON -- The SEC plans to hold a trial-like hearing on Nov. 7 in Atlanta to consider fraud charges it has brought against an underwriter and bond counsel in connection with almost $20 million of housing bonds that were sold for two Mississippi counties.

The trial date was agreed to yesterday by lawyers for all of the parties involved in the case -- the Securities and Exchange Commission; the underwriting firm of Thorn, Alvis, Welch Inc. in Jackson, Miss.; the firm's president, John E. Thorn Jr.; and bond counsel Derryl W. Peden, who is with Stennett, Wilkinson & Peden in Jackson.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.