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The Securities and Exchange Commission has obtained an emergency freeze of the assets of an Atlanta-based businessman and filed a lawsuit charging him and his associates with fraud for misusing investor proceeds that were intended to be used to purchase and renovate senior living facilities.
November 20 -
Two Senators have introduced a bipartisan bill that would allow tax-exempt private-activity bonds to be used to help power plants and industrial facilities finance projects to capture and store carbon dioxide.
November 20 -
The Municipal Securities Rulemaking Board released its much-anticipated best execution guidance for dealers on Friday, providing answers to frequently asked questions about the rule as well as the exemption for sophisticated municipal market professionals.
November 20 -
Justin Pica plans to leave the Municipal Securities Rulemaking Board next month after more than 15 years to join the Securities and Exchange Commissions trading and markets division in January.
November 19 -
Municipal market trading plummeted to $551 billion in the third quarter, the lowest level since at least 2005 when the Municipal Securities Rulemaking Board began recording the statistics, according to the board.
November 19 -
The Navajo Nation closed its first-ever bond transaction this week when it sold $52.9 million of investment-grade general obligation bonds in a private placement.
November 18 -
President Obama has nominated Hester Maria Peirce to become a Securities and Exchange Commission member for a five-year term ending on June 5, 2021, in addition to serving the remainder of former Commissioner Daniel Gallaghers term through June 6 of next year.
November 17 -
The Financial Industry Regulatory Authority has ordered R.M. Duncan Securities, its president and chief executive officer, and a broker to pay a combined $166,000 for selling defaulted municipal securities from their own accounts to seniors at unreasonably high prices and for not maintaining adequate supervisory procedures.
November 16 -
Kym Arnone has joined Jefferies LLC to jointly head its municipal investment banking business with Neil Flanagan as part of an effort to expand the firms municipal securities business.
November 16 -
In a first-of-a-kind action, the Municipal Securities Rulemaking Board released a compliance advisory for municipal advisors on Thursday to help them understand and implement new regulations.
November 12