Enforcement

The IRS will post quarterly updates of its enforcement strategy on the webpage of the Tax Exempt and Government Entities Division-Compliance Programs and Priorities.

Morgan Stanley, Ameritas Investment Company LLC and a former Stifel broker agreed this week to pay the fines for violating multiple muni securities rules.

First Manhattan Co. bought municipal securities from an unaffiliated dealer without making a reasonable effort to obtain fair and reasonable prices, FINRA said.

Sources say Hopper has considerable experience with municipal securities in her many years at the Financial Industry Regulatory Authority.

The Financial Industry Regulatory Authority released its annual Risk Monitoring and Examinations Priorities letter Thursday.

Dealer groups want the SEC to examine broker-dealers and municipal advisors equally.

The Securities and Exchange Commission plans to focus on protecting Main Street investors in municipal bonds.

The dealer entered into two municipal bond orders into a recently deceased customer's account.

The Financial Industry Regulatory Authority previously sanctioned UBS in 2015 for similar violations.

The New York-based firm mismarked 90% of its municipal securities trades, FINRA found.