Enforcement

Four firms paid a combined $102,500 to settle FINRA charges related to violations of MSRB gift and reporting rules.

The SEC under chair Jay Clayton will operate with two co-directors of enforcement, Stephanie Avakian and Steven Peikin, and at least one of them has experience with the municipal bond market.

Former broker Deborah Kelley will pay $188,000 as part of her sentence after pleading guilty to taking part in a pay-to-play scheme involving New York pension fund business.

Christopher St. Lawrence is arguing that errors during his case should allow him an acquittal or new trial.

A federal jury found Christopher St. Lawrence, the former town supervisor of Ramapo, N.Y., guilty of criminal fraud.

In an IRS-driven exchange, a Florida jail operator will exchange tax-exempt bonds for taxable debt.

RBC Capital markets, along with Wedbush Securities and an individual reached settlements totaling $70,000 with FINRA.

Class action participants are arguing BOKF had conflicts of interest and failed to carry out duties.

The Iowa fertilizer project used more than $1 billion of private-activity borrowing.

J.W. Korth is appealing a FINRA panel finding that it charged customers excessive markups.