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The Campaign Legal Center is trying to convince a federal court overseeing a challenge brought by Republican groups that the Municipal Securities Rulemaking Boards rule changes to prevent municipal advisors from engaging in pay-to-play practices are legal and needed to address the potential for corruption in the municipal market.
January 6 -
The Financial Industry Regulatory Authority's enforcement priorities for 2017 will include ensuring municipal advisors are properly registered with regulators, checking broker-dealers' compliance with best execution requirements, and monitoring firms' efforts to avoid unsuitable recommendations of securities.
January 5 -
Former Miami budget director Michael Boudreaux is asking a federal judge for a new trial over Securities and Exchange Commission charges that he committed securities fraud because he believes the previous trial was unfairly prejudiced against him.
January 4 -
President-elect Donald Trumps pick of New York lawyer Jay Clayton to lead the Securities and Exchange Commission represents a balanced choice for the agency in line with Trumps focus on deregulation but municipal participants will likely have to wait to find out what impact he may have on the muni market, individuals and groups said.
January 4 -
The Rhode Island Commerce Corp. and Securities and Exchange Commission are close to reaching a final settlement over fraud charges the SEC brought in connection with a private placement involving the video game company 38 Studios.
January 3 -
While most muni market participants agree that 2017 could be the year of comprehensive tax reform, they have mixed views on whether the muni exemption is safe under the tax proposals of President-Elect Donald Trump and House Republicans.
January 3 -
Securities and Exchange Commission enforcement officials are expected to focus on disclosure and pricing abuses as well as increase their oversight of municipal advisors during the coming year, according to regulators and market participants.
December 28 -
Multiple early initiatives will crowd Donald Trump's administration, Citi VP and former White House advisor Candi Wolff told Massachusetts investors.
December 22 -
Ross Sinclaire & Associates has agreed to pay $250,000 and to disgorge ill-gotten gains to settle muni rules violations with the Financial Industry Regulatory Authority after it improperly acted as a financial advisor and underwriter on the same muni issuances. The Cincinnati-based firm also failed to disclose material facts in offering documents and was late in filing underwriting disclosures with regulators, FINRA said.
December 22 -
SEC sues, U.S. Attorney indicts former official of New York State Common Retirement Fund and two brokers over pay-to-play scheme.
December 21