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The Municipal Securities Rulemaking Board is asking the Securities and Exchange Commission to approve its proposal for a standalone minimum denomination rule that would slightly revise past proposed requirements and is designed to help liquidity and respond to concerns from dealers.
By Jack CaseyJanuary 24 -
The Municipal Securities Rulemaking Board on Tuesday announced it will hire Simon Wu, a director with Berkeley Research Group here, to be its chief economist starting on Feb. 6.
By Jack CaseyJanuary 24 -
The Securities and Exchange Commissions former director of enforcement Andrew Ceresney will rejoin Debevoise & Plimpton in early March after stepping down from his federal role at the beginning of the year, the firm announced in a statement.
By Jack CaseyJanuary 24 -
The Securities and Exchange Commission is asking a federal court judge to deny former Miami budget director Michael Boudreauxs motion to vacate a verdict that found him guilty of securities fraud, saying the former officials arguments are meritless and do not meet the high burden required for such action.
By Jack CaseyJanuary 23 -
The Securities and Exchange Commission has filed fraud charges and obtained an emergency asset freeze against a South Carolina businessman who allegedly siphoned funds raised from municipal bond investors that were meant to purchase or renovate senior housing facilities.
By Jack CaseyJanuary 23 -
The Securities and Exchange Commission has approved proposed Municipal Securities Rulemaking Board changes to complaint processes for dealers and municipal advisors, saying they are consistent with the MSRBs authority and do not overburden market participants.
By Jack CaseyJanuary 19 -
The Municipal Securities Rulemaking Board will focus on strategic planning and will discuss continuing education for municipal advisors as well as continuing disclosure during its quarterly board meeting here next week.
By Jack CaseyJanuary 18 -
Dougherty & Co. and its former employee Jeffrey Hill have agreed to $140,000 and $5,000 fines, respectively, to separately settle with the Financial Industry Regulatory Authority over charges that Hill recommended and initiated numerous unsuitable trades for two elderly customers.
By Jack CaseyJanuary 18 - Puerto Rico
Treasury Secretary Jack Lew and Department of Health and Human Services Secretary Sylvia Burwell are urging Congress to pass legislation to help Puerto Rico before the commonwealth is forced to confront more serious health care and economic challenges.
By Jack CaseyJanuary 17 -
Ten investment advisory firms have agreed to pay penalties totaling $660,456 to settle Securities and Exchange Commission charges that they violated the SEC's investment advisor pay-to-play rule.
By Jack CaseyJanuary 17