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The top 25 state and local pension funds alone have seen the value of their public equities investments drop by a total of nearly a quarter of a trillion dollars in 2025, with roughly $169 billion of those losses coming during the four trading days that followed the Trump administration's April 2 announcement on global tariffs, a think tank said Wednesday.
April 9 -
As an alleged fraud scheme puts a spotlight on due diligence, some say it may be time to rethink practices in that area amid the rise of AI.
April 4 -
Fallout from the Legacy Cares deal includes bondholder lawsuits against the underwriter and bond counsel, payment defaults, a Chapter 11 bankruptcy, and now fraud charges from the SEC and DOJ.
April 2 -
The SEC and DOJ announced charges in connection with municipal bonds issued for the Legacy Cares sports complex in Arizona, which defaulted and went bankrupt.
April 1 -
President Trump's bid to close the Department of Education could put added pressure on some charter school credits, muni market sources said.
April 1 -
Mary Simpkins, who joined the SEC's Office of Municipal Securities in November 1997, is retiring.
March 27 -
United First Partners was fined for reporting and supervisory rule violations as part of a wider FINRA disciplinary action involving the firm.
March 26 -
The American Securities Association's federal appeals court case regarding an SEC order has been stayed until Aug. 13.
March 25 -
NewEdge Securities was also ordered to pay disgorgement of $750,746 plus interest.
March 24 -
Natural disaster disclosure warrants 'a special focus,' NFMA's 2025 chair says.
March 20