Enforcement actions

Brogdon's high personal spending and failure to sell his assets spell an end to the usefulness of his repayment plan, the SEC told a federal judge.

Data from a Municipal Securities Rulemaking Board report released Wednesday showed a continuing decline in the number of dealers.

“Brogdon's substantial and ongoing failure to comply with the plan and court orders are egregious and ongoing,” a court-appointed monitor reported.

Bond Dealers of America members said they have spent an average of more than $17 million on regulatory costs since the beginning of the 2008 credit crisis.

While associated with J.P. Morgan, a broker allegedly cheated on her Series 52 exam, violating FINRA Rule 2010.

Banker Peter Cannava may be left to battle on alone, after the Securities and Exchange Commission and Wells Fargo told a federal court they have an agreement.

A hearing officer and a Circuit Court judge concluded Illinois failed to prove accusations of securities violations against Calvin Grigsby.

FINRA found the firm should have disclosed late payments and other material information to investors in COPs linked to Brogdon projects.

A Jan. 22 hearing has been set at which time a judge may order Dwayne Edwards to disgorge $766,850 plus interest and pay civil penalties.

The SEC has signaled a focus on pay-to-play and disclosure fraud.

Ex-Morgan Stanley broker Ami Forte made national headlines after allegedly violating multiple municipal securities and other rules, the Financial Industry Regulatory Authority found.

The SEC announced the settlement with former UBS broker Chris Rosenthal, the biggest yet from its ongoing flipping investigation.

Richard Gounaud, accused by the SEC of participation in a muni bond "flipping" scheme, claimed the use of the slang term created unfair bias.

A federal court imposed an unusually stiff financial penalty and a lifetime ban against the already-jailed Christopher St. Lawrence.

Examiners found that Mark Stewart Saunders was improperly relying on permission from a customer's daughter.

Todd Barker appears prepared to have negotiated a monetary settlement with the SEC, while Dwayne Edwards plans to contest the SEC's motion in court.

Public finance cases represented 3% of the SEC's enforcement actions the past fiscal year.

FINRA found, and the SEC upheld, muni and other rule that violations Thaddeus North failed to prevent as chief compliance officer.

The defense team accused the SEC of a "gross abuse of power."

The pilot program began in May, but was not officially announced by the IRS until last week.