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The Municipal Securities Rulemaking Board on Thursday released a long-range plan envisioning a sweeping series of upgrades to its electronic information products, including the role-out of “EMMA 2.0,” that would expand the universe of information available to investors and other market participants.
February 23 -
A Financial Industry Regulatory Authority arbitration panel ordered Memphis-based Morgan Keegan & Co. to pay a Birmingham investor $1.95 million for misrepresenting that the Jefferson County, Ala., sewer bonds he purchased were safe, liquid and tax-free investments.
February 21 - Washington
The Financial Industry Regulatory Authority has fined five firms a total of $100,000 for violating municipal securities rules, including $40,000 against TD Ameritrade Inc. for failing to disclose negative rating changes for municipal bonds.
February 16 -
The Financial Industry Regulatory Authority has filed a complaint against Gardnyr Michael Capital Inc. and three of its officials, charging that there was trading between personal and company accounts that resulted in excessive markups ranging from 5.36% to 22.92% on municipal bonds sold to customers.
February 16 - Washington
WASHINGTON — The Municipal Securities Rulemaking Board wants the Securities and Exchange Commission to approve proposed guidance that details how underwriters should treat municipal issuers under its fair-dealing rule, despite dealers' requests for a delay.
February 15
