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The Financial Industry Regulatory Authority ordered George K. Baum & Co. to pay $270,000 for charging a Colorado school district more than four times the firms normal underwriting fee, partly to pay for costs associated with promoting bond ballot initiatives.
By Jack CaseyFebruary 23 -
The Municipal Securities Rulemaking Board has published a new educational guide that walks retail investors through the pros and cons of varying methods of investing in municipal bonds.
By Jack CaseyFebruary 22 -
Challenges remain despite initial favorable reaction to a proposal to establish guidance for municipal securities dealers calculating prevailing market price and compensation in principal transactions.
By Jack CaseyFebruary 19 -
The House will hold two simultaneous hearings about Puerto Rico on Feb. 25 before legislators are expected to begin a drafting process for a legislative solution for the commonwealth.
By Jack CaseyFebruary 19 -
Lawyers and others following two Puerto Rico cases pending before the Supreme Court are divided about how the death of Justice Antonin Scalia will affect the forthcoming rulings.
By Jack CaseyFebruary 18 -
Three groups are threatening to challenge the constitutionality of the Municipal Securities Rulemaking Board's revised pay-to-play rule for municipal advisors.
By Jack CaseyFebruary 18 -
Oppenheimer & Co., WFG Investments, and E*TRADE were three of seven firms that the Financial Industry Regulatory Authority fined a total of $412,500 for trading municipal securities below the minimum denomination.
By Jack CaseyFebruary 16 -
Lisa Washburn, a managing director with Municipal Market Analytics, is the new chair of the National Federation of Municipal Analysts.
By Jack CaseyFebruary 16 -
Muni market groups are considering changes to issuer audit processes, improvements to EMMA, and additional guidance from regulators as part of a collaborative effort to shore up continuing disclosure and prevent additional rules or enforcement actions from the Securities and Exchange Commission.
By Jack CaseyFebruary 12 -
Rep. Sean Duffy said on Wednesday that final legislation to help Puerto Rico is still taking shape but will include secret sauce in the form of a combination of debt restructuring and financial oversight and sugar and spice through bipartisan steps to incentivize investment on the island.
By Jack CaseyFebruary 10