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A Florida panel overseeing Opa-lockas finances learned that the city is in default on $8.6 million in privately placed bank loans and acceleration of the debt is imminent.
August 30 -
Hawaii officials say they will upgrade an antiquated accounting system and take other steps to ensure that the state wont repeat the violations it self-reported to the Securities and Exchange Commission.
August 30 -
The Municipalities Continuing Disclosure Cooperation Initiative was a particularly imaginative enforcement solution directed toward a very specific disclosure issue.
August 30AGFS -
Piper Jaffray & Co. has agreed to pay a $12,500 fine after the Financial Industry Regulatory Authority found the firm submitted 23 disclosure documents related to primary offerings late to the Municipal Securities Rulemaking Boards EMMA system.
August 29 -
An FBI corruption case is creating political discord in Puerto Rico, as one of two leading gubernatorial candidates asked for the President of Puerto Rico House of Representatives to resign.
August 26 -
The Securities and Exchange Commissions settlements with 71 issuers announced on Wednesday under a voluntary continuing disclosure enforcement initiative showed a widespread and pervasive problem with continuing disclosure in the municipal bond market but have led to some improvements, the SECs enforcement chief said Wednesday.
August 24 -
Wells Fargo Securities and Barclays Capital have agreed to pay the Rhode Island Commerce Corp. $25.6 million in a proposed settlement of a lawsuit involving a loan to former videogame company 38 Studios, the state announced Tuesday.
August 23 -
A criminal case alleging two Ramapo, N.Y. officials misled investors and credit rating agencies in connection with municipal bonds would go to trial on Jan. 9 under the timeline the federal judge has put forth for the proceedings.
August 23 -
The Securities and Exchange Commission's settlements with issuers under its continuing disclosure enforcement initiative will not impact specific rating determinations but will be an important component of analyzing an issuer's credit fundamentals, analysts from S&P Global Ratings said in a report on Monday.
August 15 -
Gates Capital Corp. agreed to pay a $22,500 fine after the Financial Industry Regulatory Authority found the firm violated transaction reporting standards mandated under Municipal Securities Rulemaking Board rules.
August 15