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The Financial Industry Regulatory Authority has filed a complaint against Phoenix-based Lawson Financial Corp. and the firm's president and chief executive officer, charging them with securities fraud in connection with the sale of millions of dollars of municipal revenue bonds to customers.
May 19 -
The Municipal Securities Rulemaking Board has tapped Susan Collet to become head of legislative affairs, overseeing its congressional and federal government activities.
May 19 -
Three state Republican parties are challenging the constitutionality of a revised Municipal Securities Rulemaking Board rule designed to prevent municipal advisors as well as dealers from engaging in pay-to-play practices. The revised rule was approved by the Securities and Exchange Commission in February.
May 18 -
Municipal bond market participants may agree that bank loan disclosure falls short but there's little consensus about how to improve it amid heightened regulatory scrutiny.
May 18 -
Merrill Lynch, Pierce, Fenner & Smith, a subsidiary of Bank of America, was ordered to pay $422,708 in fines and restitution by the Financial Industry Regulatory Authority for charging customers excessive markups and markdowns on municipal securities.
May 16 -
Our legislation would preserve money market funds as a source of liquidity and capital for public the infrastructure needs of our citizens.
May 16 -
The Government Finance Officers Association is seeking a new senior associate to engage in legislative and regulatory advocacy as part of the groups federal liaison center here.
May 13 -
Colorado state lawmakers have passed legislation designed to validate previous elections of special districts and protect them from legal challenges to their qualified electors who vote to create the districts and authorize issuances of tax-exempt bonds.
May 12 -
The Government Finance Officers Association posted an alert on Thursday encouraging its members to both voluntarily disclose the terms of their bank loans and pay attention to regulators increased scrutiny of the lack of such disclosures.
May 12 -
The Municipal Securities Rulemaking Board has filed revised amendments with the Securities and Exchange Commission that would require municipal securities transactions to be closed out within 20 days of settlement.
May 12