-
The Municipal Securities Rulemaking Board's proposed rule changes to lengthen its board members' terms to four years from three has garnered general support from dealer and advisor groups as well as the Securities and Exchange Commission's Office of the Investor Advocate.
By Jack CaseyNovember 23 -
The Securities and Exchange Commission has obtained an emergency freeze of the assets of an Atlanta-based businessman and filed a lawsuit charging him and his associates with fraud for misusing investor proceeds that were intended to be used to purchase and renovate senior living facilities.
By Jack CaseyNovember 20 -
The Municipal Securities Rulemaking Board released its much-anticipated best execution guidance for dealers on Friday, providing answers to frequently asked questions about the rule as well as the exemption for sophisticated municipal market professionals.
By Jack CaseyNovember 20 -
Municipal market trading plummeted to $551 billion in the third quarter, the lowest level since at least 2005 when the Municipal Securities Rulemaking Board began recording the statistics, according to the board.
By Jack CaseyNovember 19 -
The National Federation of Municipal Analysts has announced two winners of its annual Peter Fugiel Scholarship and acknowledged three honorable mentions.
By Jack CaseyNovember 18 -
Securities and Exchange Commission chair Mary Jo White on Wednesday declined to take a position on a bill that would increase hedge fund reporting in the wake of fund purchases of Puerto Ricos debt, saying it has both pros and cons..
By Jack CaseyNovember 18 -
Puerto Rico's congressional representative Pedro Pierluisi strongly opposed the idea of the federal government imposing a federal fiscal control board on Puerto Rico, warning it would be "a blatant exercise of colonialism."
By Jack CaseyNovember 17 -
Puerto Rico said recently that there is no reason to believe that its debt is unconstitutional, but that this issue could arise in legal disputes if there is no consensual restructuring of the debt.
By Jack CaseyNovember 16 -
The Financial Industry Regulatory Authority has ordered R.M. Duncan Securities, its president and chief executive officer, and a broker to pay a combined $166,000 for selling defaulted municipal securities from their own accounts to seniors at unreasonably high prices and for not maintaining adequate supervisory procedures.
By Jack CaseyNovember 16 - Puerto Rico
Puerto Rico needs to be put on life support and the way to do it is through bankruptcy, former Detroit bankruptcy Judge Steven Rhodes told The Bond Buyer in an interview.
By Jack CaseyNovember 16