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.

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