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A lawsuit challenging the Securities and Exchange Commission's pay-to-play rules could have implications for the Municipal Securities Rulemaking Board's effort to write such rules for muni advisers, as well an existing rule for dealers.
August 8 -
The Securities and Exchange Commission could have trouble punishing issuers and underwriters in court if they choose to fight rather than settle under the Municipalities Continuing Disclosure Cooperation initiative, lawyers and an economist said during a Thursday webinar.
August 7 -
Issuers believe guidance recently released by bond lawyers will help them determine whether they made materially misleading statements in offering documents that they could consider self-reporting to the Securities and Exchange Commission.
August 6 -
The National Association of Bond Lawyers has released a paper designed to provide issuers considering whether to participate in the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation Initiative with an analytical framework to decide whether they made material misstatements about their continuing disclosure compliance.
August 5 -
Louisiana State Bond Commission and Department of Justice attorneys entered into a settlement of the government's housing discrimination lawsuit even though the commission's chairman claims it was not authorized by the full SBC..
August 1 -
The Securities and Exchange Commission's changes to its disclosure violation self-reporting program are somewhat helpful to issuers but may create further problems in their relationships with underwriters, market participants said.
August 1 -
An unfavorable federal ruling on high quality liquid asset status for municipal bonds would sharply curb bank appetite for munis, said economist George Friedlander.
August 1 -
In light of the MSRB's dual mission to protect both municipal entities and investors, SIFMA urges the MSRB to interpret MSRB Rule G-17, effective immediately, to apply specific baseline provisions to municipal advisors.
July 31SIFMA -
As banks make more loans to lower-rated municipalities, they may have to follow Interagency Guidance on Leveraged Lending that was developed with private and corporate borrowers in mind.
July 30 -
UBS is facing more than $600 million in damage claims filed by Puerto Rico investors in closed-end bond funds, the bank said in its second quarter earnings report Tuesday.
July 29