Enforcement

Former broker Deborah Kelley could end up paying close to half a million dollars in fines, penalties, and restitution for her role in defrauding the New York State Common Retirement Fund.

The bonds were used to finance the acquisition and renovation of an assisted living facility in Alabama by Dwayne Edwards, who the SEC charged with fraud last year.

The Securities Exchange Commission and the former town attorney for Oyster Bay, N.Y. have agreed to a proposed settlement of SEC charges.

The 29% tax exposure rate is up for a readjustment because the new tax bill slashed the corporate tax rate to 21% from 35% and also lowered individual tax rates.

The SEC told a federal court that it will not pursue a judgment against the muni advisor firm or its principal unless it appears that the settlement process has stalled.

As bond lawyers meeting in Phoenix discussed current topics in securities law and enforcement on Thursday, one theme that emerged was the importance of a smart response to SEC inquiries.

Brad Waterman says it's unfair for the IRS to withhold documents pertaining to a "suspected practitioner misconduct" charge that was filed against him but never investigated.

All but one of the remaining defendants in the Securities and Exchange Commission's case against Ramapo, N.Y., have agreed to settlement terms, according to court documents.

The sanctions involved eight transactions of Alaska bonds issued in 2015 and FINRA found the firm had inadequate supervisory procedures.

Bondholders now have until Jan. 26 to agree to the tender exchange on up to $435 million in bonds.

A tale of two bond-financed fertilizer projects in the Midwest -- how one is thriving with the IRS' blessing on the bonds and the other is at a virtual standstill and in a dispute with the tax regulator.

The decision impacts $1.26 billion of economic development revenue and refunding bonds issued by the company, which said it is considering its response to the IRS.

Municipal bond market experts want clarification from the IRS on a few regulations and expect the agency to move ahead with its new data driven audit process.

New York State’s fourth largest township already carries the lowest-possible investment grade rating from Moody’s Investors Service.

The SEC is investigating after the school district's bond management practices were questioned in an audit.

Navnoor Kang, the former director of fixed income for the New York State Common Retirement Fund, has pleaded guilty to criminal fraud charges.

The former mayor of Markham, Ill., solicited and received a $75,000 bribe from a contractor in return for giving him work on a bond-financed project.

The land swap is one of the obstacles that must be cleared to build Wayne County a new jail at a new site.

The SEC went into its expanding toolbox to bring fraud charges against Oyster Bay, N.Y., and its former top elected official for hiding the existence and potential impact of side deals with a businessman.

SEC takes stock of fiscal 2017 in enforcement and finds 4% of its cases were public finance-related.