-
The town of Ramapo, N.Y. and one of four individuals charged with securities fraud by the Securities and Exchange Commission for misleading muni bond investors are disputing the charges and urging a federal judge to dismiss the case.
By Jack CaseyJuly 21 -
The Municipal Securities Rulemaking Board is aiming to make progress on a number of high-profile projects during its board meeting next week including markup and bank loan disclosure as well as a new municipal advisor complaint system and plans to improve EMMA.
By Jack CaseyJuly 20 -
Municipal market participants are criticizing as too low the $50,000 fine that the Financial Industry Regulatory Authority imposed on Dougherty & Co. after finding the firm served as an underwriter for 54 issuers with which it had ongoing blanket financial advisory agreements.
By Jack CaseyJuly 19 -
Elaine Greenberg, the former head of the Securities and Exchange Commissions municipal enforcement unit, has joined Greenberg Traurigs Washington D.C. office as a shareholder, the firm announced Tuesday.
By Jack CaseyJuly 19 -
Dougherty & Co. was hit with the largest Financial Industry Regulatory Authority fine of its kind in recent years after the firm agreed to pay $50,000 for serving as an underwriter for 54 issuers with which it had ongoing "blanket" financial advisory agreements.
By Jack CaseyJuly 18 - Puerto Rico
Congressional leaders have named the eight members who will serve on a legislative task force responsible for examining possible ways to boost Puerto Ricos struggling economy.
By Jack CaseyJuly 15 -
Oriental Financial Services, Hilltop Securities, Alluvion Securities and Sterne, Agee & Leach have agreed to pay a combined $133,358 for municipal securities violations uncovered by the Financial Industry Regulatory Authority.
By Jack CaseyJuly 15 -
A recent studys findings that the share of households holding municipal debt fell considerably over a 24-year period with a corresponding condensing of ownership in the hands of the wealthiest may lead to political questions related to muni debt, the studys authors conclude.
By Jack CaseyJuly 14 -
The National Federation of Municipal Analysts wants issuers to improve their disclosures about statutory liens and how they could affect general obligation bonds following a slew of recent municipal bankruptcies where this was a key issue.
By Jack CaseyJuly 13 - Puerto Rico
Puerto Ricos representative in Congress is asking Gov. Alejandro García Padilla to take steps to comply with a portion of the recently enacted law, PROMESA, that requires cost estimates for new commonwealth legislation to be disclosed after an oversight board is created.
By Jack CaseyJuly 13