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The Government Finance Officers Association sent an alert to its members on Thursday about the importance of timely disclosures in the wake of issuer settlements with the Securities and Exchange Commission under its voluntary continuing disclosure enforcement initiative.
By Jack CaseySeptember 8 -
A federal judge in Puerto Rico is allowing a lawsuit that challenges a Gov. Alejandro García Padilla executive order that declared a moratorium on constitutional debt payments after PROMESA was enacted to move forward without a stay.
By Jack CaseySeptember 7 - Puerto Rico
The congressional task force on Puerto Rico announced Tuesday that it is extending to Oct. 14 its deadline for interested stakeholders to submit recommendations on how to promote economic growth within the commonwealth.
By Jack CaseySeptember 6 -
The Ramapo Local Development Corp. and three individuals facing Securities and Exchange Commission securities fraud charges are asking a federal judge to dismiss the SEC's complaint, claiming, among other things, that no one was hurt.
By Jack CaseySeptember 6 -
The Securities and Exchange Commission is asking a federal judge to allow it to submit an amended complaint that includes much more detailed charges against banker Peter Cannava in connection with an ill-fated private placement for startup video game company 38 Studios.
By Jack CaseySeptember 1 -
West Virginias attorney general has reached settlements totaling $1.28 million with four firms in a lawsuit that alleged they engaged in bid rigging and price fixing for municipal investments, the latest action in federal and state investigations of bid rigging in the muni market that stretch back more than ten years.
By Jack CaseyAugust 31 - Puerto Rico
Congress must allow Puerto Rico residents to vote on statehood and establish parity between the territory and states with regard to health care and tax credits to help the islands struggling economy and address its fiscal crisis, Rep. José Serrano, D-N.Y., told a task force.
By Jack CaseyAugust 31 - Puerto Rico
President Obama formally announced the seven members of the oversight board that the PROMESA law established for Puerto Rico, drawing praise from lawmakers and market participants. But the announcement came as Puerto Ricans protesting the oversight board shut down the area around a hotel in San Juan that was hosting a conference on PROMESA.
By Jack CaseyAugust 31 -
Financial regulators and others should work to reverse the increased narrowing of the municipal market caused by fewer retail investors and wealthier bondholders, the Securities and Exchange Commissions Investor Advocate told regulators.
By Jack CaseyAugust 29 -
Piper Jaffray & Co. has agreed to pay a $12,500 fine after the Financial Industry Regulatory Authority found the firm submitted 23 disclosure documents related to primary offerings late to the Municipal Securities Rulemaking Boards EMMA system.
By Jack CaseyAugust 29