Port Authority of NY-NJ admits wrongdoing over roadway projects

NEW YORK (Reuters) - The Port Authority of New York and New Jersey has agreed to pay $400,000 to settle charges it failed to inform investors of risks to roadway projects, becoming the first municipal bond issuer to admit wrongdoing in an enforcement action with U.S. securities regulators.

from Reuters: U.S. http://ift.tt/2jzR6M7