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Lawyers, issuer officials, and others consulted about the fund agreed that the three firms did nothing against the rules when they gave the money to the fund, which is governed by a board independent of the city leadership and which does nothing to politically support Garcetti or any other political interest.
March 12 -
Securities and Exchange Commission member Daniel Gallagher is calling for Congress to mandate that municipal issuers use Government Accounting Standards Board benchmarks, possibly as a condition for the bonds to be tax-exempt.
March 10 -
The Missouri Joint Municipal Electric Utility Commission is selling $158 million of power refunding bonds tied to the controversial Prairie State coal plant, which recently won a round of fresh praise from ratings analysts.
March 10 -
Many bond lawyers feel that with all municipal rating agencies soon to be beaming live ratings to EMMA, the Securities and Exchange Commission should amend its rules so that issuers no longer have to worry about filing notices of upgrades and downgrades.
March 6 -
Bond lawyers are warning their issuer clients that they are operating at their own peril if they do not spend their bond proceeds in a timely fashion, since Internal Revenue Service agents in audits are raising concerns about proceeds that are spent late or not spent at all.
March 6 -
The Securities and Exchange Commission's enforcement division is contacting dealers who reported their own possible violations of securities laws under a voluntary enforcement program initiated last year, giving them two weeks to decide if they still want to take advantage of the lenient settlement terms.
March 5 -
Large financial firms can expect continued scrutiny for risk management, internal controls and governance, Federal Reserve chair Janet Yellen said in New York.
March 4 -
The Municipal Securities Rulemaking Board is likely to propose requiring alternative trading systems to report quotation information on municipal securities to it in the future, industry officials said after listening to speakers on a federal regulatory update panel at a conference here on Monday afternoon.
March 3 -
New York City public advocate Letitia James has filed a friend of the court brief in support of the Securities and Exchange Commission's pay-to-play restriction on investment advisers, which is under attack in a lawsuit filed by two state Republican parties last year.
February 27 -
The Securities and Exchange Commission is investigating bonds issued in 2013 by the former scandal-ridden Orlando-Orange County Expressway Authority and underwritten by Citi.
February 26