Enforcement

The Securities and Exchange Commission's settlements with issuers under its continuing disclosure enforcement initiative will not impact specific rating determinations but will be an important component of analyzing an issuer's credit fundamentals, analysts from S&P Global Ratings said in a report on Monday.

Gates Capital Corp. agreed to pay a $22,500 fine after the Financial Industry Regulatory Authority found the firm violated transaction reporting standards mandated under Municipal Securities Rulemaking Board rules.

Puerto Rico's Office of the Comptroller is conducting 24 investigations into government corruption on the island, the office reported.

The receiver for bond-financed apartments owned by Global Ministries Foundation in Tennessee has disclosed in court filings that the Securities and Exchange Commission is conducting an investigation.

One former Kildare Capital employee has been banned from the market and another was hit with a $25,000 fine and 12-month ban after FINRA found that they artificially inflated interdealer prices for municipal securities through 25 round-trip transactions.

Merrett Stierheim, a former south Florida public administrator, will determine if Opa-locka is solvent for the state-appointed panel overseeing the city’s finances.

California Treasurer John Chiang's efforts to combat pay-to-play activities among local issuers received mixed reviews from municipal bond industry participants.

A federal judge on Friday dismissed Securities and Exchange Commission charges against Peter Cannava, a banker involved in an ill-fated private placement for startup video game company 38 Studios.

The Securities and Exchange Commission is arguing that any court challenge to the constitutionality of revised Rule G-37 on political contributions can be made when an enforcement action is taken over a violation of the rule.

Rhode Island state Rep. Robert Craven Sr., a former state assistant attorney general, is calling for the release of grand jury documents and testimony on the state’s 38 Studios investigation.