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Legislation designed to enhance the Securities and Exchange Commissions cost-benefit analysis of new rules before approving them passed the House after drawing support from Republicans and some industry groups.
By Jack CaseyJanuary 13 -
Public pension and municipal advisors are among the examination priorities for the Securities and Exchange Commission in 2017, the SECs Office of Compliance Inspections and Examinations announced Thursday.
By Jack CaseyJanuary 12 -
The Municipal Securities Rulemaking Board has agreed to clarify certain definitions and extend the effective date for proposed rule changes on complaints in response to market participants' concerns, but will not move forward with changes to address several other issues participants raised.
By Jack CaseyJanuary 11 -
The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.
By Jack CaseyJanuary 10 -
The Municipal Securities Rulemaking Boards net assets in fiscal 2016, similar to those for the previous year, are still close to triple where they were in 2010, even after a $5.5 million rebate the self-regulator gave dealers this past year.
By Jack CaseyJanuary 9 -
The Campaign Legal Center is trying to convince a federal court overseeing a challenge brought by Republican groups that the Municipal Securities Rulemaking Boards rule changes to prevent municipal advisors from engaging in pay-to-play practices are legal and needed to address the potential for corruption in the municipal market.
By Jack CaseyJanuary 6 -
The Financial Industry Regulatory Authority's enforcement priorities for 2017 will include ensuring municipal advisors are properly registered with regulators, checking broker-dealers' compliance with best execution requirements, and monitoring firms' efforts to avoid unsuitable recommendations of securities.
By Jack CaseyJanuary 5 -
Former Miami budget director Michael Boudreaux is asking a federal judge for a new trial over Securities and Exchange Commission charges that he committed securities fraud because he believes the previous trial was unfairly prejudiced against him.
By Jack CaseyJanuary 4 -
President-elect Donald Trumps pick of New York lawyer Jay Clayton to lead the Securities and Exchange Commission represents a balanced choice for the agency in line with Trumps focus on deregulation but municipal participants will likely have to wait to find out what impact he may have on the muni market, individuals and groups said.
By Jack CaseyJanuary 4 -
The Rhode Island Commerce Corp. and Securities and Exchange Commission are close to reaching a final settlement over fraud charges the SEC brought in connection with a private placement involving the video game company 38 Studios.
By Jack CaseyJanuary 3