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A new piece of bipartisan legislation introduced in the Senate today is aimed at allowing the SEC to increase fines for individuals and entities to better discourage future securities law violations
By Jack CaseyMarch 30 -
The three state Republican groups will face off against the SEC and MSRB in oral arguments May 4 on whether a federal appeals court should vacate revisions the MSRB made to its rule on political contributions and curbing pay-to-play in the market.
By Jack CaseyMarch 30 -
The Rhode Island Commerce Corp. and the Securities and Exchange Commission filed a joint motion in Rhode Island federal court on Wednesday asking the presiding judge to approve a final settlement over the RICC's involvement in a fraudulent private placement.
By Jack CaseyMarch 29 -
The MSRB told the municipal market on Tuesday that its changes to move the settlement cycle to two days instead of three will be effective on Sept. 5 to align with the rest of the markets.
By Jack CaseyMarch 28 -
Investors with holdings in municipal conduit bonds that have been the subject of recent SEC enforcement actions over fraudulent commingling of assets are suing Bank of Oklahoma Financial, which served as the trustee for many of the faulty offerings.
By Jack CaseyMarch 28 -
Representatives for municipal advisors and dealers wrote to the MSRB saying it must reevaluate its proposed new advertising rule for municipal advisors and its attempts to harmonize its existing dealer advertising rule with Financial Industry Regulatory Authority requirements.
By Jack CaseyMarch 27 -
Jay Clayton, the nominee to take over as SEC chair, told senators on Thursday that a focus on enforcement against individuals will be an important part of the SECs efforts to curb bad actors in the capital markets.
By Jack CaseyMarch 23 - Washington
Subcommittee members heard testimony about the chances for and potential fallout from attempts to renegotiate the PREPA restructuring support agreement as well as what stakeholders have been doing to help the financially troubled commonwealth.
By Jack CaseyMarch 22 -
The MSRB responded to market participants comments about a prior draft of municipal advisor continuing education requirements by making several changes and providing more details about the way an MA firm could implement the proposal.
By Jack CaseyMarch 21 - Puerto Rico
The House subcommittee hearing on the soon-to-expire PREPA restructuring support agreement aims to gather information about the status of ongoing negotiations between Puerto Rico and PREPA creditors.
By Jack CaseyMarch 20