SEC

The Securities and Exchange Commission has charged the City of Rochester, New York, its former finance director, former CFO and their municipal advisor with misleading investors in a $119 million bond offering.

The SEC charged the town, former mayor Vern Breland, municipal adviser Twin Spires Financial and its owner Aaron Fletcher with misleading investors in connection with bond offerings in 2017 and 2018.

The Securities and Exchange Commission has come forward with a proposal that would expand the Names Rule to include any language associated with ESG related metrics.

Issuer fears that ESG regulation will lead to disclosure trouble are overblown, the SEC’s muni office chief said Wednesday.

Municipal advisors are seeking more and better communication from regulators and enforcers, NAMA Executive Director Susan Gaffney says. Kyle Glazier hosts. (24 minutes)

The Securities and Exchange Commission has sustained the Financial Industry Regulatory Authority’s disciplinary action against J.W. Korth & Company.

The Securities and Exchange Commission’s Division of Examinations intends to home in on municipal advisor obligations, transfer agents and municipal issuer disclosures.

Elements of the Securities and Exchange Commission’s climate disclosure proposal may influence the Municipal Securities Rulemaking Board as it considers more specific rules for the municipal bond market.

The Government Finance Officers Association issued a warning for government officials aiming to deal in cryptocurrencies in addition to updating its best practices for issuers of designated bonds

Sanchez was instrumental in drafting the municipal advisory regulatory regime during his previous stint at the SEC.