SEC

The firm violated municipal advertising and fair dealing rules, the SEC found.

SEC Chair Clayton told Rep. French Hill, R-Ark., late last week that he expects the program to sunset at year's end as scheduled.

Multiple news articles, which the SEC did not include, contradict the commission's major reasoning for why a temporary exemption for municipal advisors was needed, SIFMA said.

Ken Lind, leader of Nixon Peabody's project finance and public finance group, breaks it down by sectors and financing instruments. He also examines virus-related SEC disclosure guidance plus the planned phaseout of Libor. Paul Burton hosts. (38 minutes). Recorded Dec. 2.

The SEC said the court should oppose SIFMA's motion to include news articles in the proceedings, saying the group relied on only one rationale.

The number of issuers using a temporary exemption jumped to 101 in October from 35 the previous month.

As co-director of the Enforcement Division, Stephanie Avakian oversaw charges the SEC made against municipal bond “flipping” schemes.

SIFMA told a federal court that the SEC's process failed when it announced the temporary conditional exemption for muni advisors.

During his leadership, Clayton oversaw amendments to Rule 15c-12 and pushed for more transparency in the municipal market.

Public finance made up just 3% of total standalone enforcement cases.