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The House Natural Resources Committee will meet to vote on the recently revised Puerto Rico bill starting on Tuesday and continuing the following day.
By Jack CaseyMay 20 -
The mayor of Harvey, Ill. has agreed to pay $10,000 and to never participate in a municipal bond offering again in order to settle charges with the Securities and Exchange Commission that he helped the city mislead bond investors by diverting proceeds from projects for which they were intended.
By Jack CaseyMay 19 -
The Financial Industry Regulatory Authority has filed a complaint against Phoenix-based Lawson Financial Corp. and the firm's president and chief executive officer, charging them with securities fraud in connection with the sale of millions of dollars of municipal revenue bonds to customers.
By Jack CaseyMay 19 -
House members, government officials, and stakeholders all say the newest version of a bill to help Puerto Rico is a step forward, but their support for the measure seems tepid at best.
By Jack CaseyMay 19 -
Three state Republican parties are challenging the constitutionality of a revised Municipal Securities Rulemaking Board rule designed to prevent municipal advisors as well as dealers from engaging in pay-to-play practices. The revised rule was approved by the Securities and Exchange Commission in February.
By Jack CaseyMay 18 -
Presidential candidate Sen. Bernie Sanders on Monday urged the federal government to extend emergency loans to Puerto Rico to aid in debt restructuring. But he opposed the idea of a control board, which has been a cornerstone of legislation proposed by House Republicans.
By Jack CaseyMay 16 -
Merrill Lynch, Pierce, Fenner & Smith, a subsidiary of Bank of America, was ordered to pay $422,708 in fines and restitution by the Financial Industry Regulatory Authority for charging customers excessive markups and markdowns on municipal securities.
By Jack CaseyMay 16 -
The Government Finance Officers Association is seeking a new senior associate to engage in legislative and regulatory advocacy as part of the groups federal liaison center here.
By Jack CaseyMay 13 -
The Government Finance Officers Association posted an alert on Thursday encouraging its members to both voluntarily disclose the terms of their bank loans and pay attention to regulators increased scrutiny of the lack of such disclosures.
By Jack CaseyMay 12 -
The Municipal Securities Rulemaking Board has filed revised amendments with the Securities and Exchange Commission that would require municipal securities transactions to be closed out within 20 days of settlement.
By Jack CaseyMay 12