Jack Casey

The U.S. Conference of Mayors adopted a resolution against limiting tax-exempt bonds

Covenant violations on lines of credit and poor operations caused Howard University's bond rating to fall with the possibility of the rating declining more if the university cannot fix operations that have been running a deficit in recent years.

The Government Finance Officers Association is calling for changes in the Municipal Securities Rulemaking Board's core conduct rule for municipal advisors to reduce the costs and burdens for issuers.

The Financial Industry Regulatory Authority fined Wells Fargo Securities $12,500 for trade reporting violations and barred an individual from the securities industry for allowing the fraudulent transfer of $160,000 from a customer to an unrelated third party.