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A Pennsylvania school district said it expects to receive a proposed adverse determination letter from the Internal Revenue Service stating general obligation bonds it issued in 2005 and advance refunded in 2013 are taxable.
July 29 -
The town of Ramapo, N.Y. and one of four individuals charged with securities fraud by the Securities and Exchange Commission for misleading muni bond investors are disputing the charges and urging a federal judge to dismiss the case.
July 21 -
Municipal market participants are criticizing as too low the $50,000 fine that the Financial Industry Regulatory Authority imposed on Dougherty & Co. after finding the firm served as an underwriter for 54 issuers with which it had ongoing blanket financial advisory agreements.
July 19 -
Elaine Greenberg, the former head of the Securities and Exchange Commissions municipal enforcement unit, has joined Greenberg Traurigs Washington D.C. office as a shareholder, the firm announced Tuesday.
July 19 -
Dougherty & Co. was hit with the largest Financial Industry Regulatory Authority fine of its kind in recent years after the firm agreed to pay $50,000 for serving as an underwriter for 54 issuers with which it had ongoing "blanket" financial advisory agreements.
July 18 -
Oriental Financial Services, Hilltop Securities, Alluvion Securities and Sterne, Agee & Leach have agreed to pay a combined $133,358 for municipal securities violations uncovered by the Financial Industry Regulatory Authority.
July 15 -
The Securities and Exchange Commission is battling with Miami and former budget director Michael Boudreaux over whether they can defend themselves against securities fraud charges by saying they relied on advice from auditors.
July 11 -
The federal judge presiding over a Securities and Exchange Commission case charging the city of Miami and its former budget director with securities fraud concluded in a July 5 order that the bulk of the case could not be decided before trial
July 6 -
The small south Florida city of Opa-locka, recently designated by the state to be in a financial emergency, is under investigation by the Securities and Exchange Commission, according to the Miami Herald.
June 23 -
The Securities and Exchange Commission has settled with a former Chicago charter school operator over charges that he negligently approved and signed a misleading official statement for a $37.5 million bond offering to build three charter schools.
June 21