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Crystal City, Texas has reached an agreement with the Internal Revenue Service to settle tax rule violations and preserve the tax-exempt status of interest already paid on $13.94 million of jail bonds issued by an authority in 2003 and now in default.
September 19 -
Future Municipalities Continuing Disclosure Cooperation initiative settlements may offer more detail on the Securities and Exchange Commission's priorities and the SEC's Office of Municipal Securities may offer more municipal advisor rule guidance, commission officials said Thursday.
September 19 -
The Internal Revenue Service's tax-exempt bond office is modifying its market-segment approach to audits, the office's director, Rebecca Harrigal, said.
September 18 -
The Securities and Exchange Commission will probably use emergency court action to stop state and local governments from selling municipal bonds if it thinks their offerings are fraudulent, an enforcement division official told bond lawyers meeting here.
September 18 -
Bankruptcies in Jefferson County and Detroit as well as regulatory and enforcement actions have garnered increased scrutiny of the bond market in Washington, and market participants need to better understand the policy-making process, a Treasury Department official said.
September 17 -
A federal appeals court recently agreed with a lower court that former Miami budget director Michael Boudreaux does not have immunity from Securities and Exchange Commission charges, a decision some experts think could have implications for the SEC's Municipalities Continuing Disclosure Cooperation initiative or other enforcement actions going forward.
September 16 -
The National Association of Bond Lawyers has many ongoing projects, including completing an analysis of the long-term implications of a self-reporting disclosure enforcement program, commenting on the SEC's 2012 municipal market report, and providing regulators with its views on tax issues, said its incoming president Antonio "Tony" Martini.
September 16 -
The Financial Industry Regulatory Authority fined two firms a total of $31,000 dollars for violations of municipal securities rules, FINRA disclosed in the September monthly disciplinary actions it released Monday.
September 15 -
The Internal Revenue Service is auditing bonds issued in 2011 for a charter school operator in Chicago that settled securities fraud charges with the Securities and Exchange Commission in June.
September 2 -
The municipal market should benefit from the Securities and Exchange Commission's prosecution of Kansas for inadequate disclosure of faltering pension obligations, according to Moody's Investors Service.
August 29