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R. Seelaus & Co., Carty & Co., and Emmet & Co. have agreed to pay a total of $83,000 to settle separate charges by the Financial Industry Regulatory Authority related to unfair markups, trading below the minimum denomination, and trade reporting failures involving municipal securities.
By Jack CaseyOctober 17 -
The Municipal Securities Rulemaking Board must now have at least one municipal advisor representative board member present to constitute a quorum under a rule change it filed with the Securities and Exchange Commission on Friday.
By Jack CaseyOctober 14 -
The Securities and Exchange Commission enforcement divisions heightened attention on the municipal market and application of new legal techniques to that enforcement are here to stay, according to the commissions top cop, Andrew Ceresney.
By Jack CaseyOctober 14 -
The Securities and Exchange Commission voted unanimously on Thursday to finalize new open-end fund liquidity requirements that market participants said would hurt the industry by damaging the funds' appetites for munis.
By Jack CaseyOctober 13 -
The Municipal Securities Rulemaking Board announced on Wednesday that it is seeking input from market participants on where to focus its long-term strategic plan and specifically how it can improve its EMMA system.
By Jack CaseyOctober 12 -
A judge has agreed to put Peter Cannava back into a Securities and Exchange Commission lawsuit that alleges the Wells Fargo banker aided and abetted the defrauding of investors in connection with a private placement by 38 Studios.
By Jack CaseyOctober 11 -
Municipal advisors face growing concern that some activities they could pursue to help clients make private placements might land them in hot water with the Securities and Exchange Commission.
By Jack CaseyOctober 11 -
Larry Kidwell, president of Brentwood, Tenn.- based Kidwell and Company, has been elected as the new president of the National Association of Municipal Advisors.
By Jack CaseyOctober 7 -
Securities and Exchange Commission examinations of municipal advisors over the past two years found fiduciary duty and fair dealing violations, said SEC officials who cautioned the number of MA exams will increase in 2017.
By Jack CaseyOctober 7 -
Dealer groups are warning that a Municipal Securities Rulemaking Board proposal to require dealers to disclose their markups and markdowns in certain transactions would be overly complex and hurt liquidity.
By Jack CaseyOctober 5