Story of a Deal Gone Sour Between a County and Its FA
February 22, 2012 Fluvanna County, Va.'s Board of Supervisors and its former financial advisor, Davenport & Co., present two different versions...

Fluvanna County, Va., and FA Davenport in Legal Tussle
February 21, 2012 Fluvanna County, Va., and Davenport & Co., its financial advisor for 15 years, are battling each other in a circuit county...

FINRA Cites 'Key Risk Areas' in Exams
February 2, 2012 The Financial Industry Regulatory Authority highlighted "key risk areas" for muni broker-dealers, warning that its exams will...

Market Chooses Sides Over GASB Fee Plan
January 31, 2012 Market participants slammed a proposal to assess a fee on broker-dealers to help finance the Governmental Accounting Standards...

MSRB Strongly Defends Proposed Fair-Dealing Guidance
January 30, 2012 In a direct rebuke to industry groups and a push-back against two Republican Securities and Exchange Commission members who...

Bid-Rigging Trial of Three Ex-UBS Bankers Set for July 9
January 26, 2012 Three former muni bankers from UBS Financial Services Inc. will go to trial on July 9 on charges of fraud schemes and...

More Than 325 Deals in SEC Settlement With GE Funding
January 24, 2012 A federal court in New Jersey has approved a $24.9 million settlement between GE Funding Capital Market Services Inc. and the...

MSRB Proposes Posting Yields for Interdealer Trades on EMMA
January 23, 2012 In a bid to boost muni market transparency, the Municipal Securities Rulemaking Board is proposing to post on its online...

Changes Ahead for Key House Committee
January 20, 2012 WASHINGTON — Major changes are in store for the House Financial Services Committee later this year, bringing some...

FINRA Fines Five Firms $220,000
January 18, 2012 The Financial Industry Regulatory Authority has fined five firms a total of roughly $220,000 for violations of municipal...