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The Government Finance Officers Association has issued an alert urging municipal issuers to be prepared for settlement offers from the Securities Exchange Commission under its program for voluntary self-reporting of violations in connection with continuing disclosure obligations.
February 10 -
The Securities and Exchange Commission has plans to increase its examination and enforcement staff as President Obama announced in his budget on Tuesday that he wants to double the SECs budget by fiscal year 2021, starting with a $200 million increase to $1.78 billion in 2017.
February 9 -
Morgan Keegan & Co. Inc. will pay $850,000 to settle securities fraud charges brought by Missouri Secretary of State Jason Kander over the firm's underwriting of $39 million of bonds issued for a failed artificial sweetener plant.
February 8 -
Recent opinions issued by the California attorney generals office may have some municipal advisors and broker-dealers treading carefully to avoid breaking Municipal Securities Rulemaking Board rules.
February 4 -
The Securities and Exchange Commissions release of a final round of 14 underwriter settlements under its self-reporting initiative may indicate issuer settlement s are next.
February 3 -
The Securities and Exchange Commission today charged 14 municipal underwriting firms for violations in municipal bond offerings under its voluntary Municipalities Continuing Disclosure Cooperation Initiative.
February 2 -
School and community college districts violate California law if they purposely incentivize municipal finance professionals to advocate for passage of a bond measure, said a formal opinion from Attorney General Kamala Harris.
January 28 -
The House is scheduled to hold a voice vote on Monday on a bill that would treat investment grade and actively traded municipal securities as high quality liquid assets under a rule banking regulators adopted in 2014.
January 28 -
The Internal Revenue Service appears is stepping up its audit of $80 million of Arborwood Community Development District's 2006 bonds and appears to be focusing in part on the Florida CDD's board and land that may have been purchased at too high of a price.
January 20 -
J. P. Turner & Co. and Wedbush Securities, Inc. were hit with a total of $305,000 in fines by the Financial Industry Regulatory Authority for violating municipal bond rules in connection with excessive markups, disclosure failures, and/or falsifying documents.
January 15