-
The Municipal Securities Rulemaking Board wants to amend several of its rules to both create a municipal advisor client complaint process as well as update and streamline its current requirements related to dealer customer complaints.
By Jack CaseyNovember 1 -
A New York audit firm and one of its senior partners have agreed to pay a combined $555,000 and take a number of corrective actions to settle Securities and Exchange Commission charges that they issued fraudulent audit reports in connection with municipal bond offerings from the town of Ramapo, N.Y.
By Jack CaseyOctober 31 -
The Municipal Securities Rulemaking Board plans to amend its proposal that would require dealers to disclose their markups and markdowns in principal trades with retail customers.
By Jack CaseyOctober 31 -
The Securities and Exchange Commission will continue to go after investment bankers and issuer officials to try to debunk the notion that enforcement is just another cost of doing business, an SEC official said here on Friday.
By Jack CaseyOctober 28 -
Underwriters should walk away from municipal securities transactions when they discover the issuer has failed to disclose key information, dealer officials said here, citing their own experiences as examples.
By Jack CaseyOctober 28 -
A federal court judge has approved Miami's $1 million settlement with the Securities and Exchange Commission over charges the city acted fraudulently in taking steps to hide its deteriorating financial condition from bondholders.
By Jack CaseyOctober 27 -
Financial Industry Regulatory Authority examiners are probing firms involvement with bank loans and other alternative financings in the municipal market, a FINRA official said at an industry seminar here.
By Jack CaseyOctober 25 -
Underwriters counsel should be more proactive in keeping up to date with regulators concerns and then communicating those to their underwriter clients, a dealer official said here.
By Jack CaseyOctober 21 -
While the Securities and Exchange Commission remains silent on whether there will be more settlements under its continuing disclosure enforcement initiative, an SEC official said any party that voluntarily submitted potential violations will be told whether the commission plans to take action against them.
By Jack CaseyOctober 21 -
Dealer groups are concerned that a proposed Municipal Securities Rulemaking Board standalone minimum denomination rule would hurt liquidity and adversely affect participants in the market.
By Jack CaseyOctober 20