-
A bipartisan House duo is threatening the Securities and Exchange Commission, warning it must further ease the Municipalities Continuing Disclosure Cooperation initiative for dealers before the Sept. 10 deadline for participation or they will step in with legislative action.
August 29 -
Connecticut State Rep. Diana Urban wants to create a results-based accountability report card for nonprofits to prevent further Amistad-type fiascoes.
August 25 -
The Puerto Rico Electric Power Authority's decision in its forbearance agreement to disclose certain information to only some its bondholders could put both PREPA and those investors at an increased risk of committing securities law violations, disclosure experts said Wednesday.
August 20 -
The Securities and Exchange Commission's Office of Compliance Inspections and Examinations has launched a program to scrutinize newly-regulated municipal advisors, the SEC announced Tuesday.
August 19 -
The Financial Industry Regulatory Authority censured and fined Greenwich, Conn.-based Interactive Brokers, Inc. was censured and fined $7,500 municipal securities trade reporting failures.
August 15 -
The Securities and Exchange Commission is investigating West Contra Costa, Calif. United School District and its general obligation bond financings dating back to 2009.
August 15 -
A group of bondholders trying to recoup their investment in a failed Moberly, Mo. artificial sweetener plant has added as a defendant Raymond James Financial Inc. which acquired the bond deal's underwriter and lawsuit's original target.
August 14 - Texas
The Fannin County Public Facility Corp. in Texas has settled tax law violations with the Internal Revenue Service by agreeing to pay $1.75 million and redeem all of the outstanding bonds from the $30.78 million it issued in 2008 to finance a jail.
August 14 -
Halifax Hospital Medical Center in Florida will pay $11.9 million on top of $85 million to settle claims made by the federal government and a whistleblower.
August 11 -
The Securities and Exchange Commission has charged the state of Kansas with violating federal securities laws by failing to disclose in bond documents that the state's pension system was significantly underfunded, creating a repayment risk for investors.
August 11