-
The Securities and Exchange Commission has filed fraud charges and obtained an emergency asset freeze against a South Carolina businessman who allegedly siphoned funds raised from municipal bond investors that were meant to purchase or renovate senior housing facilities.
January 23 -
The Internal Revenue Service has published a new revenue procedure updating management contract safe harbors to address certain types of compensation, the timing of the payment of compensation, the treatment of land, and the methods of approval of rates.
January 18 -
Dougherty & Co. and its former employee Jeffrey Hill have agreed to $140,000 and $5,000 fines, respectively, to separately settle with the Financial Industry Regulatory Authority over charges that Hill recommended and initiated numerous unsuitable trades for two elderly customers.
January 18 -
Ten investment advisory firms have agreed to pay penalties totaling $660,456 to settle Securities and Exchange Commission charges that they violated the SEC's investment advisor pay-to-play rule.
January 17 -
The Financial Industry Regulatory Authority ordered UBS to hand over $18.2 million for misleading a family of investors in Puerto Rico closed-ended funds, the second highest fine for individual investors against UBS in these cases.
January 13 -
The Internal Revenue Service Whistleblower Office awarded more than $61 million to whistleblowers in fiscal 2016, the agency said Thursday.
January 13 -
Public pension and municipal advisors are among the examination priorities for the Securities and Exchange Commission in 2017, the SECs Office of Compliance Inspections and Examinations announced Thursday.
January 12 -
Municipal market participants see a slowing of Treasury Department and Internal Revenue Service guidance and rules in 2017, but plan to closely watch for tweaks to management contract guidance, final requirements for public approval of private activity bonds and political subdivision rules.
January 12 -
Following the Bridgegate scandal, there's been another political collision in the Port Authority of New York and New Jersey's world.
January 12McNees Wallace & Nurick LLC -
The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.
January 10