Connor Hussey

A Federal appellate court has issued two opinions in the cases of Ohio and Kentucky and Tennessee, and in the latter, agreed the offset provision is unconstitutional.

The Municipal Securities Rulemaking Board has filed to extend G-27 relief to give dealers an extra six-month window for remote inspections

The Securities and Exchange Commission's FY 2022 results show the Commission filed 760 enforcement actions and recovered $6.4 billion in penalties and disgorgement, a 9% increase from FY 2021.

The City of Rochester, New York, and its former finance director appear set in fighting SEC charges that they defrauded investors in connection with a 2019 bond offering.

A mentorship that started during a college internship helped steer Melissa Bennett to a partnership in public finance law.

"I saw public finance as a good intersection of markets and public policy and I've been doing it ever since," said Sam Denton-Schneider.

"Since I started in this industry, it's been a constant series of new issues, new questions of change, new transactions and creative ways to deal with the shifting legal and economic climate," Helen Pennock said.

The MSRB will seek comment on Rule G-3 on professional qualifications that would add an exemption for muni advisors having to requalify in instances where their qualification had lapsed.

Vern Buchanan looks poised to succeed Richard Neal as chairman of the powerful Ways and Means Committee should Republicans take the House on Nov. 8 and could offer the muni agenda a fresh start.

In its analysis of primary market data from 2019 to 2021, the MSRB showed that market participants fled competitive offerings during the COVID period and preferred private placements.

The Municipal Securities Rulemaking Board's meeting will discuss the scope of its Form A-12 modernization efforts, authorizing a request for comment on a certain MA exemption and extending COVID relief under MSRB Rule G-27, among others.

Dave Sanchez urged local officials to be wary of certain structures that proved unprofitable during the last downturn.

The Internal Revenue Service has closed its examination of Burlington's taxable Qualified School Construction Bonds with no change after requesting a use of proceeds earlier this year

The former municipal advisor Porter Bingham has been sentenced to four months imprisonment and two years term of supervised release following his fraudulent billing to the city of Rolling Fork, Mississippi in connection with a 2015 bond offering.

An audience poll during the National Association of Bond Lawyers' Workshop indicated that offering and disclosure fraud were among the highest concerns for the muni market.

Even without formal rules tailored to the municipal market, ESG integration will likely come to the muni market faster than expected.

Illinois-based broker dealer Ronald Molo has been fined $815,104 in disgorgement and prejudgment interest and has been permanently enjoined from participating in the issuance, purchase, offer or sale of any security.

Should the proposal go forward, the board should provide analysis and evidence as to how such a requirement would benefit the market, dealers said.

The Municipal Securities Rulemaking Board's intends to spend $45.5 million over the course of FY2023.

Anthony Michael Holland has also been ordered to pay almost $1.2 million in restitution.