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Financial Industry Regulatory Authority examiners are probing firms involvement with bank loans and other alternative financings in the municipal market, a FINRA official said at an industry seminar here.
October 25 -
A large drop in foreclosures through the first half of this year means lower loan losses for state housing finance agencies bond programs, according to a report by Moodys Investors Service.
October 25 -
Underwriters counsel should be more proactive in keeping up to date with regulators concerns and then communicating those to their underwriter clients, a dealer official said here.
October 21 -
While the Securities and Exchange Commission remains silent on whether there will be more settlements under its continuing disclosure enforcement initiative, an SEC official said any party that voluntarily submitted potential violations will be told whether the commission plans to take action against them.
October 21 -
Dealer groups are concerned that a proposed Municipal Securities Rulemaking Board standalone minimum denomination rule would hurt liquidity and adversely affect participants in the market.
October 20 -
The Municipal Securities Rulemaking Board plans to meet here Oct. 26-27 to discuss making certain pre-trade pricing data available on its EMMA website for retail investors as well as updating syndicate offering practices.
October 20 -
R. Seelaus & Co., Carty & Co., and Emmet & Co. have agreed to pay a total of $83,000 to settle separate charges by the Financial Industry Regulatory Authority related to unfair markups, trading below the minimum denomination, and trade reporting failures involving municipal securities.
October 17 -
The Municipal Securities Rulemaking Board must now have at least one municipal advisor representative board member present to constitute a quorum under a rule change it filed with the Securities and Exchange Commission on Friday.
October 14 -
The Securities and Exchange Commission enforcement divisions heightened attention on the municipal market and application of new legal techniques to that enforcement are here to stay, according to the commissions top cop, Andrew Ceresney.
October 14 -
The Securities and Exchange Commission voted unanimously on Thursday to finalize new open-end fund liquidity requirements that market participants said would hurt the industry by damaging the funds' appetites for munis.
October 13