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The Financial Industry Regulatory Authority has ordered UBS to pay two Puerto Rican residents $18.4 million in damages, interest, and other fees over the residents investments in closed-end mutual funds concentrated in Puerto Rico bonds.
December 5 -
The SEC, in a court filing on Tuesday, said former Miami budget director Michael Boudreaux's arguments against penalties the SEC wants to impose on him for securities fraud show a lack of responsibility and respect for the jury verdict that found him guilty.
November 30 -
The Financial Industry Regulatory Authority found that Merrill Lynch failed to properly supervise customers investments in Puerto Rico bonds and closed-end funds.
November 30 -
The National Association of Bond Lawyers wants the Treasury Department and Internal Revenue Service to revise the management contract guidance released in August, which it says is confusing and could limit the usefulness of safe harbors in short-term contacts.
November 29 -
Citigroup Global Markets Inc. scrapped the closing on $377.6 million in revenue and general obligation bonds it priced for El Camino Hospital in northern California after the U.S. Justice Department subpoenaed documents from the hospital.
November 29 -
Connecticut and Illinois state treasurers, in partnership with shareholder activists, called for a change in Wells Fargos corporate bylaws to ensure an independent non-executive board chair.
November 29 -
Robert Crowe, the alleged fundraising expert for a pay-to-play scheme that took place in 2010 and 2011, is fighting the SECs fraud charges against him in Ohio federal court.
November 23 -
The IRS has sent auditors new procedures for information document requests sent to issuers.
November 22 -
The Iowa Fertilizer Co. LLCs construction and cash flow troubles led Fitch Ratings to downgrade deeper into junk almost $1.2 billion of project bonds that are now under an Internal Revenue Service cloud.
November 21 -
A banker who serves on issuer charitable groups and donates to them raises conflict of interest questions.
November 18