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The trustee firm in many recent troubled bond deals assembled by accused fraudster Christopher Brogdon is taking a harder line against the former employee it blames for its involvement in the mess.
May 16 -
Merrill Lynch, Pierce, Fenner & Smith, a subsidiary of Bank of America, was ordered to pay $422,708 in fines and restitution by the Financial Industry Regulatory Authority for charging customers excessive markups and markdowns on municipal securities.
May 16 -
Allegations of securities violations against Calvin Grigsby should be dismissed, an Illinois hearing officer recommended in a case that stemmed from his firm Grigsby & Associates advising a state agency to invest in a bank that later failed.
May 13 -
Miamis dramatically improving and diverse economy was a driving force that led Moody's Investors Service to upgrade the citys general obligation bonds to Aa3 from A1, despite pending SEC and pension suits.
May 11 -
The Securities and Exchange Commission is charging a father, his son, and five of their associates with defrauding investors in Native American tribal bonds to pay for, among other things, their luxury expenses and legal costs associated with prior fraud charges.
May 11 -
The Securities and Exchange Commission is using Peter Cannava, a banker involved in an ill-fated private placement for a startup video game company, as a scapegoat and has no basis for charging him with defrauding investors, his lawyers claimed this week.
May 11 -
A Chicago-based investment advisor faces jail time after pocketing more than $4 million from the sale of phony Chicago-backed securities that she described as "Chicago Anticipatory Notes."
May 6 -
A regulatory official and market participants sparred over the merits of the Securities and Exchange Commission's voluntary continuing disclosure enforcement initiative during a panel here on Wednesday while acknowledging the need to improve municipal disclosure.
May 5 -
A lawyer facing Securities and Exchange Commission charges that he violated federal securities laws as part of a pay-to-play scheme to secure Ohio pension business is arguing the commissions charges cannot apply to him and should be dismissed.
April 27 -
Ramapo, N.Y.s A1 rating from Moodys Investors Service is on review for downgrade in the wake of federal fraud charges alleging misstatements of financial reporting.
April 18