WASHINGTON -- The parties to an SEC enforcement action brought in connection with seven housing bond issues in Mississippi will meet on Aug. 29 to set a date for a trial-like hearing, lawyers involved in the case said yesterday.

The Securities and Exchange Commission brought fraud charges last month against the underwriting firm of Thorn, Alvis, Welch Inc.; its president, John E. Thorn Jr.; and bond counsel Derryl W. Peden, a lawyer with Stennett, Wilkinson & Peden, in connection with almost $20 million of multifamily housing bonds that were sold by Hinds and Warren counties in 1992 and 1993.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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