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The U.S. government wrongfully extended the statute of limitations to obtain bid-rigging convictions for three ex-UBS bankers, lawyers told an appeals court.
May 15 -
Any well-publicized enforcement action over whether bank loans should be treated as securities would certainly provide some guidance on this issue, Municipal Securities Rulemaking Board executive director Lynnette Kelly told muni analysts meeting here.
May 14 -
The Financial Industry Regulatory Authoritys appellate tribunal has revised its sanction guidelines, proposing significant increases in the highest level of fines for disciplinary actions and tougher sanctions for cases involving fraud and recommendations of unsuitable investments.
May 12 -
The Securities and Exchange Commission has frequently pursued recent municipal market enforcement actions in federal court rather than in front of its own administrative law judges, where critics have charged that the SEC enjoys a distinct home field advantage.
May 11 -
The Financial Industry Regulatory Authority faced criticism from House Republicans Friday wondered if the broker-dealer self-regulator is too heavy-handed with small firms.
May 1 -
U.S. Solicitor General Donald Verrilli has until May 20 to respond to a request from Miami, Fla.'s former budget director that the Supreme Court hear his argument that he should be shielded from a Securities and Exchange Commission lawsuit.
April 28 - Texas
Maverick County, Texas, faces an uncertain future after losing the operator of its $42 million private detention center that defaulted on its debt amid a federal corruption investigation and missing audits.
April 27 -
StateTrust Investments, Inc. has been penalized $90,000 and censured by the Securities and Exchange Commission in a settlement over charges it broke Municipal Securities Rulemaking Board rules when it sold Puerto Rico bonds for an amount less than the issuer's specified minimum denomination.
April 23 -
Los Angeles Unified School District officials stand behind their disclosure after the U.S. Securities and Exchange Commission opened an informal inquiry into the districts compliance with legal guidelines in the use of bond proceeds to buy iPad tablets.
April 20 -
New York State and New York City comptrollers Thomas DiNapoli and Scott Stringer, respectively, called on the SEC to compel fossil fuel industry companies to better disclosure climate change material risks
April 17