Washington DC

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.

The municipal dealer community supports market transparency. The proposal before Congress, however, is poorly conceived, has few if any market supporters, and has the potential to be very expensive.

States and locals need to move fast to capitalize on the value of upfront funding provided in the infrastructure law, Biden administration officials said.

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.

Issuers should expect to see an increased presence of IRS agents as the service's Tax-Exempt Bond office completes a round of hiring and the IRS budget grows.

California is looking to pioneer the floating wind technology that's required in the deep waters where roughly two-thirds of the country's offshore wind potential exists.

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

The dollars mark the second of five years of increased state highway funding promised under the Infrastructure Investment and Jobs Act.

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.

Joseph "Jodie" Smith takes the reins at the influential bond lawyer organization.