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Scottrade has agreed to pay $150,000 to settle Financial Industry Regulatory Authority charges that it did not identify bonds as callable in approximately 5,000 municipal securities transactions.
November 7 -
A New York audit firm and one of its senior partners have agreed to pay a combined $555,000 and take a number of corrective actions to settle Securities and Exchange Commission charges that they issued fraudulent audit reports in connection with municipal bond offerings from the town of Ramapo, N.Y.
October 31 -
The Securities and Exchange Commission will continue to go after investment bankers and issuer officials to try to debunk the notion that enforcement is just another cost of doing business, an SEC official said here on Friday.
October 28 -
Underwriters should walk away from municipal securities transactions when they discover the issuer has failed to disclose key information, dealer officials said here, citing their own experiences as examples.
October 28 -
Tax controversy lawyer Brad Waterman argues allegations of misconduct against him are payback for his winning a student loan bond case.
October 28 -
A federal court judge has approved Miami's $1 million settlement with the Securities and Exchange Commission over charges the city acted fraudulently in taking steps to hide its deteriorating financial condition from bondholders.
October 27 -
Financial Industry Regulatory Authority examiners are probing firms involvement with bank loans and other alternative financings in the municipal market, a FINRA official said at an industry seminar here.
October 25 -
Underwriters counsel should be more proactive in keeping up to date with regulators concerns and then communicating those to their underwriter clients, a dealer official said here.
October 21 -
While the Securities and Exchange Commission remains silent on whether there will be more settlements under its continuing disclosure enforcement initiative, an SEC official said any party that voluntarily submitted potential violations will be told whether the commission plans to take action against them.
October 21 -
The Internal Revenue Service's Office of Tax-Exempt Bonds has told its auditors that, if an issuer redeems 100% of the outstanding principal amount of its tax-exempt or tax-credit bonds, the audit can be closed without further TEB action.
October 20