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Westlands Water District, Calif. is on Fitch Ratings' rating watch negative after it was fined by the Securities and Exchange Commission for misleading investors.
March 11 -
Issuers are not likely to change the Securities and Exchange Commission staffs minds about the violations they have disclosed under the commissions municipal self-reporting initiative, the commissions top cop for municipal securities enforcement said on Thursday.
March 10 -
The Securities and Exchange Commission on Wednesday charged California's largest agricultural water district and two officials with misleading investors about its financial condition when it issued $77 million of bonds in 2012.
March 9 -
The Securities and Exchange Commission on Monday charged a Rhode Island agency, its underwriter, and three individuals associated with $75 million of 2010 bonds for a startup video game company with defrauding investors by not revealing the complete financial status of the company or the extent of the compensation arrangement with the underwriter.
March 7 -
Six broker-dealers and investment providers have agreed to pay $103.35 million in preliminary settlements of charges by issuers and state attorneys general that they engaged in bid-rigging and price fixing for municipal investment products and derivatives.
February 24 -
The Financial Industry Regulatory Authority ordered George K. Baum & Co. to pay $270,000 for charging a Colorado school district more than four times the firms normal underwriting fee, partly to pay for costs associated with promoting bond ballot initiatives.
February 23 -
The Securities and Exchange Commission told Miami, Miami-Dade County, and the Marlins that no enforcement action will be recommended after a four-year-long inquiry into the financing of the team's $615.7 million stadium.
February 22 -
A Financial Industry Regulatory Authority arbitration panel in San Juan ordered UBS AG to pay an investor about $1.45 million in compensation for losses suffered by investments in its Puerto Rico closed-end bond funds.
February 19 -
Oppenheimer & Co., WFG Investments, and E*TRADE were three of seven firms that the Financial Industry Regulatory Authority fined a total of $412,500 for trading municipal securities below the minimum denomination.
February 16 -
Muni market groups are considering changes to issuer audit processes, improvements to EMMA, and additional guidance from regulators as part of a collaborative effort to shore up continuing disclosure and prevent additional rules or enforcement actions from the Securities and Exchange Commission.
February 12