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Five firms have agreed to pay a total of nearly $920,000 to settle separate rule violations related to municipal securities.
March 13 -
Lawyers gathered at NABLs Tax and Securities Law Institute on Friday said a carve out in the MSRBs recent clarification on requiring CUSIPs for private placements would be beneficial to the market.
March 10 -
Lawyers at NABLs TSLI conference on Thursday said that while the SECs proposed amendments to its list of material events are well-meaning, they would be burdensome for issuers dealing with the numerous new disclosure obligations.
March 9 -
The Senate Banking Committees scheduled hearing on Jay Claytons nomination is expected to include some questions from Democrats on Claytons ties to Wall Street and ability to protect investors.
March 8 -
A guilty plea from Aaron Troodler, the former executive director of the Ramapo Local Development Corp., for criminal securities fraud means he could face a maximum of 25 years in prison.
March 8 -
The Municipal Securities Rulemaking Board has released criteria that will generally require the top five firms submitting to certain of the self-regulators systems to participate in Securities and Exchange Commission-mandated business continuity and disaster recovery plan testing.
March 7 -
Marrien Neilson, the former BOK Financial employee the SEC said was responsible for concealing some of Christopher Brogdon's securities fraud, agreed to a first of a kind ban on her acting as an indenture trustee or dissemination agent for municipal bonds as well as a $55,000 payment to settle the charges.
March 7 -
Dealers are criticizing a proposed standalone minimum denomination rule from the Municipal Securities Rulemaking Board, saying it would hamper liquidity and hurt investors by limiting the liquidity of below-minimum denomination positions in municipal securities.
March 6 -
The SECs proposal to obtain more information disclosures on bank loans, placements and other financing alternatives to municipal bonds could affect leases, guarantees, derivatives and certain monetary obligations.
March 3 -
The MSRB has draft amendments to its Rule G-34 on CUSIP numbers to clarify requirements and clear up misunderstandings.
March 1