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Elaine Greenberg, the former head of the Securities and Exchange Commissions municipal enforcement unit, has joined Greenberg Traurigs Washington D.C. office as a shareholder, the firm announced Tuesday.
July 19 -
Republicans delegates adopted a 2016 platform at their national convention in Cleveland that supports statehood for Puerto Rico, but not for the District of Columbia. The GOP also wants to abolish the Internal Revenue Service, overhaul the federal tax code, and expand the use of P3s for infrastructure projects.
July 19 -
Dougherty & Co. was hit with the largest Financial Industry Regulatory Authority fine of its kind in recent years after the firm agreed to pay $50,000 for serving as an underwriter for 54 issuers with which it had ongoing "blanket" financial advisory agreements.
July 18 -
The Municipal Securities Rulemaking Board is providing some new information about muni trades on its Electronic Municipal Market Access (EMMA) system.
July 18 -
Oriental Financial Services, Hilltop Securities, Alluvion Securities and Sterne, Agee & Leach have agreed to pay a combined $133,358 for municipal securities violations uncovered by the Financial Industry Regulatory Authority.
July 15 -
Rep. Peter DeFazios bill to impose a 0.03% tax on secondary market trades of stocks, bonds and derivatives would include tax-exempt as well as corporate bonds, a spokeswoman for the Democrat from Oregon said on Thursday.
July 14 -
A recent studys findings that the share of households holding municipal debt fell considerably over a 24-year period with a corresponding condensing of ownership in the hands of the wealthiest may lead to political questions related to muni debt, the studys authors conclude.
July 14 -
The National Federation of Municipal Analysts wants issuers to improve their disclosures about statutory liens and how they could affect general obligation bonds following a slew of recent municipal bankruptcies where this was a key issue.
July 13 -
Federal Chapter 9 policy is ill-defined and fluid, a bankruptcy expert said at a municipal finance conference at the Brookings Institution in Washington.
July 12 -
In the past 3½ years, the Securities and Exchange Commission has asserted its enforcement role considerably, in what can fairly be described as a form of direct regulation of issuers.
July 12