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The Securities and Exchange Commission today announced enforcement actions against 36 municipal underwriting firms Thursday for violations in muni bond offerings, fining them a total of about $9.3 million in settlements under the Municipalities Continuing Disclosure Cooperation initiative.
June 18 -
The Financial Industry Regulatory Authority fined Wells Fargo Securities $12,500 for trade reporting violations and barred an individual from the securities industry for allowing the fraudulent transfer of $160,000 from a customer to an unrelated third party.
June 15 -
Municipal securities dealers are worried that their participation in the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative could cause them problems with multiple regulators, and have asked the SEC for reassurance that their businesses will not be impeded because they chose to report under the MCDC.
June 12 -
The United States Supreme Court is poised to decide whether or not to hear the case of former Miami budget director Michael Boudreaux, whose attorneys told the nation's top court it should accept the case to decide an important question of how exposed municipal officials should be to federal government lawsuits.
June 9 -
A federal appeals court denied the appeals of a trio of convicted bid-riggers Thursday in a ruling that could have lasting effects for future fraudsters.
June 5 -
Agents representing Pennsylvanias Attorney General Kathleen Kanes office raided the Harrisburg home of its former mayor, Stephen Reed.
June 3 -
Municipal issuers spent $2,000 to $18,000 to do continuing disclosure reviews under the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation Initiative and the vast majority of them felt they were forced to do them, the Government Finance Officers Association said during a spirited panel discussion here Tuesday.
June 2 -
Municipal issuers need to be prepared to fight against Securities and Exchange Commission efforts to directly regulate them, members of the Government Finance Officers Associations' Committee on Governmental Debt Management said Saturday.
June 1 -
The Securities and Exchange Commission on Thursday charged an Atlanta-based investment advisory firm and two executives with fraud for allegedly selling investments to pension funds for the city's police and firefighters, transit workers, and other employees that were illegal under state law.
May 21 -
The Financial Industry Regulatory Authority fined a dealer firm and fined and suspended an individual for violations of Municipal Securities Rulemaking Board rules, FINRA revealed in its monthly disciplinary report for May.
May 18