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The disclosure of some variable-rate demand obligation information on EMMA shouldn't be used to dismiss a lawsuit alleging fraud in VRDO remarketing,lawyers for the plaintiff told an Illinois court.
September 17 -
The fallout from a 2017 federal fraud case is continuing to impact bond investors with the latest development involving the loss of tax-exempt status for bonds that were issued for two assisted living facilities in Georgia.
September 14 -
Dealer firms are trying to comply with newer rules like markup disclosure, while regulators are finding some problems and working to communicate more clearly.
September 13 -
The Securities and Exchange Commission has sent letters to the 12 top banks and broker-dealers that remarket variable rate demand obligations, seeking information and documents on their remarketing and rate resetting practices.
September 6 -
The MSRB is concerned about the fairness of so-called "pre-arranged trading," but some say it's a bit of a grey area.
September 6 -
The SEC is sorting out those charged with engaging in a large multi-year "flipping" and kickback scheme.
September 4 -
James J. O'Neil received a 12-month suspension from the market for his role in the flipping and kickback scheme.
August 23 -
The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.
August 23 -
They are accused of improperly diverting newly issued municipal bonds to certain broker-dealers for a fee at the expense of retail investors.
August 14 -
Investors won't get nearly all their money back as the Securities and Exchange Commission's case against Dwayne Edwards and Todd Barker draws towards a close and SEC lawyers want the losses taken into account in settlements.
August 9